Vanguard Group Inc. Acquires 164,563 Shares of Couchbase, Inc. (NASDAQ:BASE)

Vanguard Group Inc. grew its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,126,087 shares of the company's stock after acquiring an additional 164,563 shares during the period. Vanguard Group Inc. owned about 9.79% of Couchbase worth $79,916,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BASE. Franklin Resources Inc. raised its stake in Couchbase by 27.3% during the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock worth $27,379,000 after buying an additional 353,233 shares during the last quarter. 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 period. Pembroke Management LTD boosted its position in shares of Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock valued at $14,013,000 after purchasing an additional 98,061 shares in the last quarter. State Street Corp increased its holdings in Couchbase by 4.1% in the third quarter. State Street Corp now owns 850,515 shares of the company's stock worth $13,710,000 after purchasing an additional 33,294 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Couchbase by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company's stock valued at $6,185,000 after buying an additional 27,509 shares during the period. Institutional investors own 96.07% of the company's stock.

Couchbase Stock Performance

Couchbase stock traded down $0.43 during midday trading on Wednesday, hitting $14.64. 55,592 shares of the company's stock were exchanged, compared to its average volume of 566,930. The stock has a 50-day moving average price of $16.03 and a two-hundred day moving average price of $16.66. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $28.67. The company has a market cap of $777.38 million, a P/E ratio of -9.17 and a beta of 0.85.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price objective on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley dropped their price target on Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Barclays reduced their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.06.

Insiders Place Their Bets

In other news, SVP Huw Owen sold 14,742 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the completion of the sale, the senior vice president now owns 311,251 shares of the company's stock, valued at approximately $5,618,080.55. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction that occurred on 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 approximately $5,366,259.10. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,400 shares of company stock valued at $975,265 over the last quarter. 16.10% of the stock is owned by corporate insiders.

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.