Russell Investments Group Ltd. Increases Position in Couchbase, Inc. (NASDAQ:BASE)

Russell Investments Group Ltd. raised its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 295.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,722 shares of the company's stock after purchasing an additional 70,034 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Couchbase worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp lifted its holdings in shares of Couchbase by 4.1% in the 3rd quarter. State Street Corp now owns 850,515 shares of the company's stock valued at $13,710,000 after acquiring an additional 33,294 shares during the last quarter. Barclays PLC raised its position in Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company's stock valued at $1,218,000 after purchasing an additional 53,555 shares during the period. Geode Capital Management LLC lifted its stake in shares of Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock valued at $15,228,000 after purchasing an additional 88,068 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock worth $27,379,000 after purchasing an additional 353,233 shares during the period. Finally, 272 Capital LP bought a new position in shares of Couchbase during the 3rd quarter valued at approximately $3,720,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BASE has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Guggenheim dropped their price target on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. UBS Group cut their price target on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Barclays decreased their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Piper Sandler cut their target price on Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $21.41.

Couchbase Trading Up 6.1 %

Shares of Couchbase stock traded up $0.93 during trading on Wednesday, hitting $16.12. 641,287 shares of the stock traded hands, compared to its average volume of 575,063. The stock's fifty day simple moving average is $15.64 and its 200 day simple moving average is $16.66. The firm has a market cap of $856.08 million, a P/E ratio of -10.08 and a beta of 0.85. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $28.67.

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

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the transaction, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the sale, the senior vice president now directly owns 133,067 shares of the company's stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,400 shares of company stock valued at $975,265 over the last 90 days. Corporate 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.