Couchbase, Inc. (NASDAQ:BASE) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 27.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,647,334 shares of the company's stock after acquiring an additional 353,233 shares during the period. Franklin Resources Inc. owned 3.21% of Couchbase worth $27,379,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BASE. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Couchbase in the 2nd quarter worth $47,000. Point72 Hong Kong Ltd acquired a new stake in Couchbase in the second quarter valued at about $67,000. Harbor Capital Advisors Inc. lifted its position in Couchbase by 15.9% in 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 period. Arizona State Retirement System boosted its holdings in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock valued at $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Couchbase by 5.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock worth $237,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial assumed coverage on Couchbase in a report on Thursday, December 12th. They issued a "buy" rating and a $21.00 price target for the company. Robert W. Baird decreased their price objective on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, December 4th. UBS Group dropped their target price on shares of Couchbase from $24.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Wells Fargo & Company reduced their price target on shares of Couchbase from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Thursday, September 5th. Finally, Wedbush assumed coverage on Couchbase in a report on Thursday, October 17th. They issued an "outperform" rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.13.

Couchbase Stock Up 0.8 %

Shares of BASE traded up $0.12 during trading hours on Thursday, reaching $15.38. 596,399 shares of the company traded hands, compared to its average volume of 487,123. The stock has a fifty day simple moving average of $17.68 and a 200 day simple moving average of $17.46. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The stock has a market capitalization of $805.11 million, a PE ratio of -9.61 and a beta of 0.71.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the business's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares in the company, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 10,548 shares of company stock worth $163,390. Corporate insiders own 16.10% of the company's stock.

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.