Portolan Capital Management LLC Has $5.17 Million Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Portolan Capital Management LLC reduced its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 62.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 331,561 shares of the company's stock after selling 543,234 shares during the period. Portolan Capital Management LLC owned 0.63% of Couchbase worth $5,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after purchasing an additional 759 shares during the period. Summit Investment Advisors Inc. grew its holdings in Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after purchasing an additional 807 shares during the period. Ceera Investments LLC raised its holdings in Couchbase by 3.0% in the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock worth $513,000 after purchasing an additional 960 shares during the period. SG Americas Securities LLC increased its position in shares of Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock valued at $211,000 after buying an additional 1,472 shares in the last quarter. Finally, Swiss National Bank raised its stake in Couchbase by 2.7% during the 4th quarter. Swiss National Bank now owns 80,700 shares of the company's stock worth $1,258,000 after buying an additional 2,100 shares during the period. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BASE shares. Piper Sandler lifted their price objective on Couchbase from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Barclays cut their price target 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. The Goldman Sachs Group lowered their price objective on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Morgan Stanley reduced their target price on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Guggenheim dropped their price target on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.76.

Insiders Place Their Bets

In related news, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This trade represents a 3.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the transaction, the chief financial officer now directly owns 304,555 shares of the company's stock, valued at $5,366,259.10. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,400 shares of company stock valued at $975,265. 16.10% of the stock is currently owned by corporate insiders.

Couchbase Price Performance

BASE stock traded up $0.20 during midday trading on Friday, reaching $14.89. 901,277 shares of the company were exchanged, compared to its average volume of 573,184. The business has a 50-day moving average price of $15.80 and a two-hundred day moving average price of $16.64. The firm has a market capitalization of $790.66 million, a price-to-earnings ratio of -9.31 and a beta of 0.85. Couchbase, Inc. has a one year low of $12.78 and a one year high of $28.67.

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

About Couchbase

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.