Pembroke Management LTD Has $14.01 Million Position in Couchbase, Inc. (NASDAQ:BASE)

Pembroke Management LTD grew its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 898,842 shares of the company's stock after purchasing an additional 98,061 shares during the quarter. Couchbase comprises 1.8% of Pembroke Management LTD's portfolio, making the stock its 24th biggest holding. Pembroke Management LTD owned approximately 1.72% of Couchbase worth $14,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BASE. Creative Planning grew its position in shares of Couchbase by 59.0% in the third quarter. Creative Planning now owns 17,335 shares of the company's stock valued at $279,000 after purchasing an additional 6,433 shares during the last quarter. Horrell Capital Management Inc. grew its position in shares of Couchbase by 64.3% in the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company's stock valued at $3,708,000 after purchasing an additional 90,000 shares during the last quarter. US Bancorp DE grew its position in shares of Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company's stock valued at $315,000 after purchasing an additional 11,648 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Couchbase by 33.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company's stock valued at $5,951,000 after purchasing an additional 93,301 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Stock Down 2.2 %

BASE traded down $0.40 during midday trading on Friday, reaching $17.90. 904,260 shares of the company's stock were exchanged, compared to its average volume of 440,528. The firm has a market capitalization of $937.07 million, a price-to-earnings ratio of -11.19 and a beta of 0.81. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The business has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $17.04.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. As a group, research analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BASE shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Guggenheim reiterated a "buy" rating and issued a $30.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Stifel Nicolaus increased their target price 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 reiterated an "overweight" rating and issued a $21.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.13.

Insider Activity

In other news, SVP Huw Owen sold 7,575 shares of Couchbase stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the transaction, the senior vice president now owns 341,709 shares in the company, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares of the company's stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,883 shares of company stock worth $950,915. 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.