JPMorgan Chase & Co. Has $3.10 Million Holdings in Couchbase, Inc. (NASDAQ:BASE)

JPMorgan Chase & Co. increased its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 169.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,216 shares of the company's stock after purchasing an additional 120,975 shares during the period. JPMorgan Chase & Co. owned 0.37% of Couchbase worth $3,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BASE. Point72 Hong Kong Ltd acquired a new stake in Couchbase in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. lifted its stake in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock valued at $112,000 after purchasing an additional 956 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock valued at $237,000 after purchasing an additional 700 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Couchbase during the second quarter worth approximately $300,000. Finally, XTX Topco Ltd bought a new position in shares of Couchbase in the second quarter valued at $301,000. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BASE. Morgan Stanley reduced their price objective on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. DA Davidson reiterated a "buy" rating and issued a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Barclays lifted their price target on Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Stifel Nicolaus upped their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler reissued an "overweight" rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.13.

Insider Activity

In related news, SVP Huw Owen sold 2,993 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the sale, the senior vice president now directly owns 325,993 shares in the company, valued at approximately $5,222,407.86. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the transaction, the chief financial officer now owns 336,679 shares in the company, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,233 shares of company stock worth $252,552. 16.10% of the stock is owned by corporate insiders.

Couchbase Trading Up 0.6 %

NASDAQ BASE traded up $0.09 during trading on Monday, reaching $16.45. The company's stock had a trading volume of 254,242 shares, compared to its average volume of 350,060. The stock has a market capitalization of $861.16 million, a PE ratio of -10.28 and a beta of 0.79. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The business has a 50-day moving average price of $17.27 and a 200-day moving average price of $17.09.

Couchbase Company 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.