Franklin Resources Inc. Acquires 441,770 Shares of Couchbase, Inc. (NASDAQ:BASE)

Franklin Resources Inc. boosted its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 26.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,089,104 shares of the company's stock after purchasing an additional 441,770 shares during the period. Franklin Resources Inc. owned 3.99% of Couchbase worth $32,569,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BASE. Daiwa Securities Group Inc. raised its position in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Couchbase in the fourth quarter valued at approximately $112,000. ANTIPODES PARTNERS Ltd acquired a new stake in Couchbase during the 4th quarter valued at approximately $198,000. SG Americas Securities LLC raised its holdings in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in shares of Couchbase in the 4th quarter worth approximately $248,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Truist Financial initiated coverage on Couchbase in a research note on Thursday, December 12th. They issued a "buy" rating and a $21.00 target price for the company. Wells Fargo & Company dropped their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays reduced their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.06.

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the sale, the chief financial officer now directly owns 304,555 shares of the company's stock, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the transaction, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,400 shares of company stock worth $975,265. 16.10% of the stock is owned by corporate insiders.

Couchbase Stock Performance

BASE traded down $0.97 during trading on Thursday, reaching $14.67. The stock had a trading volume of 104,731 shares, compared to its average volume of 556,226. The business has a 50-day moving average of $16.30 and a 200-day moving average of $16.66. Couchbase, Inc. has a one year low of $12.78 and a one year high of $28.67. The stock has a market cap of $778.82 million, a PE ratio of -9.18 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Equities research analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.