Charles Schwab Investment Management Inc. Acquires 93,301 Shares of Couchbase, Inc. (NASDAQ:BASE)

Charles Schwab Investment Management Inc. grew its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 33.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 369,190 shares of the company's stock after purchasing an additional 93,301 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.72% of Couchbase worth $5,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BASE. SG Americas Securities LLC bought a new stake in shares of Couchbase during the 2nd quarter worth about $1,283,000. Bank of New York Mellon Corp raised its stake in shares of Couchbase by 34.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company's stock worth $2,997,000 after buying an additional 42,434 shares in the last quarter. Pembroke Management LTD lifted its holdings in shares of Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after buying an additional 123,927 shares during the period. Rhumbline Advisers boosted its stake in Couchbase by 14.3% during the second quarter. Rhumbline Advisers now owns 53,544 shares of the company's stock valued at $978,000 after buying an additional 6,707 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock worth $201,000 after acquiring an additional 2,445 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BASE has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Wells Fargo & Company decreased their price target on shares of Couchbase from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th. Piper Sandler restated an "overweight" rating and issued a $21.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on Couchbase from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Truist Financial assumed coverage on Couchbase in a report on Thursday. They set a "buy" rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.13.

Couchbase Stock Down 3.2 %

Shares of NASDAQ BASE traded down $0.52 during mid-day trading on Friday, hitting $15.63. The company had a trading volume of 189,791 shares, compared to its average volume of 484,691. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The business's 50-day simple moving average is $17.66 and its 200-day simple moving average is $17.79.

Insiders Place Their Bets

In other news, SVP Huw Owen sold 6,736 shares of the firm's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares of the company's stock, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward T. Anderson bought 21,080 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the transaction, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 10,548 shares of company stock worth $163,390. 16.10% of the stock is currently owned by company insiders.

Couchbase Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.