Horrell Capital Management Inc. Purchases 90,000 Shares of Couchbase, Inc. (NASDAQ:BASE)

Horrell Capital Management Inc. boosted its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 64.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,000 shares of the company's stock after acquiring an additional 90,000 shares during the period. Horrell Capital Management Inc. owned 0.46% of Couchbase worth $3,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Couchbase during the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd bought a new stake in shares of Couchbase during the second quarter valued at approximately $67,000. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company's stock valued at $110,000 after buying an additional 1,125 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Couchbase during the first quarter valued at approximately $225,000. Finally, ProShare Advisors LLC bought a new stake in shares of Couchbase during the first quarter valued at approximately $230,000. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

BASE has been the topic of several recent analyst reports. Piper Sandler Companies started coverage on shares of Couchbase in a research report on Friday, August 16th. They set an "overweight" rating and a $22.00 price objective on the stock. Wedbush started coverage on shares of Couchbase in a report on Thursday, October 17th. They issued an "outperform" rating and a $26.00 target price for the company. Stifel Nicolaus cut their target price on shares of Couchbase from $25.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Barclays raised shares of Couchbase from an "equal weight" rating to an "overweight" rating and set a $19.00 target price for the company in a report on Monday, October 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 target price on shares of Couchbase in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.13.

Couchbase Trading Up 0.7 %

Shares of BASE traded up $0.11 during trading hours on Tuesday, reaching $16.57. 135,021 shares of the company traded hands, compared to its average volume of 493,933. The firm has a market cap of $833.64 million, a price-to-earnings ratio of -10.10 and a beta of 0.59. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The stock's fifty day moving average price is $16.23 and its 200 day moving average price is $19.30.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.44) earnings per share. On average, research analysts forecast that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Insider Activity at Couchbase

In other news, Director Edward T. Anderson acquired 21,080 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the acquisition, the director now directly owns 85,902 shares of the company's stock, valued at $1,216,372.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Edward T. Anderson acquired 21,080 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the acquisition, the director now directly owns 85,902 shares of the company's stock, valued at $1,216,372.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the sale, the senior vice president now owns 373,647 shares of the company's stock, valued at $5,630,860.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,536 shares of company stock worth $166,918 over the last three months. 16.10% of the stock is owned by corporate insiders.

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.