EVR Research LP Has $40.38 Million Holdings in Couchbase, Inc. (NASDAQ:BASE)

EVR Research LP raised its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,590,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Couchbase accounts for about 13.5% of EVR Research LP's holdings, making the stock its biggest position. EVR Research LP owned approximately 4.95% of Couchbase worth $40,378,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after buying an additional 164,563 shares during the last quarter. Franklin Resources Inc. raised its stake in Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after purchasing an additional 441,770 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Couchbase by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 952,361 shares of the company's stock worth $14,851,000 after purchasing an additional 7,914 shares during the last quarter. Pembroke Management LTD grew its holdings in shares of Couchbase by 12.2% during the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock worth $14,013,000 after buying an additional 98,061 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Couchbase by 4.1% during the third quarter. State Street Corp now owns 850,515 shares of the company's stock valued at $13,710,000 after buying an additional 33,294 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BASE has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced 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. Barclays cut their target price on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, February 26th. Rosenblatt Securities assumed coverage on shares of Couchbase in a research note on Wednesday, April 9th. They set a "buy" rating and a $20.00 price objective on the stock. Finally, Morgan Stanley dropped their price target on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.76.

Couchbase Price Performance

Shares of BASE traded up $0.22 during trading hours on Thursday, hitting $14.91. 240,420 shares of the company were exchanged, compared to its average volume of 568,900. Couchbase, Inc. has a one year low of $12.78 and a one year high of $28.67. The company has a market capitalization of $791.51 million, a PE ratio of -9.29 and a beta of 0.85. The firm has a fifty day simple moving average of $15.96 and a 200-day simple moving average of $16.65.

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

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 14,742 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the completion of the sale, the senior vice president now owns 311,251 shares in the company, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company's stock, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,400 shares of company stock worth $975,265. Company insiders own 16.10% of the company's stock.

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.