Wasatch Advisors LP Has $26.55 Million Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Wasatch Advisors LP raised its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 72.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,703,267 shares of the company's stock after acquiring an additional 712,936 shares during the period. Wasatch Advisors LP owned approximately 3.25% of Couchbase worth $26,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BASE. Vanguard Group Inc. grew its position in Couchbase by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after buying an additional 164,563 shares in the last quarter. EVR Research LP boosted its holdings in shares of Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company's stock valued at $40,378,000 after acquiring an additional 50,000 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Geode Capital Management LLC raised its holdings in Couchbase by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 952,361 shares of the company's stock worth $14,851,000 after purchasing an additional 7,914 shares in the last quarter. Finally, Pembroke Management LTD boosted its stake in 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. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

BASE has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Guggenheim cut their target price 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. Barclays dropped their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, February 26th. Finally, Morgan Stanley dropped their price target on Couchbase from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Couchbase presently has an average rating of "Moderate Buy" and a consensus price target of $21.76.

Insider Buying and Selling at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company's stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The sale 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 business'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 completion of the sale, the chief financial officer now owns 304,555 shares of the company's stock, valued at approximately $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,400 shares of company stock worth $975,265 over the last three months. Corporate insiders own 16.10% of the company's stock.

Couchbase Stock Performance

Shares of NASDAQ BASE traded up $0.10 during trading hours on Tuesday, hitting $14.77. The stock had a trading volume of 71,901 shares, compared to its average volume of 572,064. The firm's 50-day moving average price is $15.71 and its two-hundred day moving average price is $16.67. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $28.67. The company has a market capitalization of $784.02 million, a P/E ratio of -9.23 and a beta of 0.85.

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

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.