Couchbase, Inc. (NASDAQ:BASE) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 25.2% during the third quarter, Holdings Channel reports. The firm owned 1,410,647 shares of the company’s stock after selling 476,057 shares during the quarter. Bamco Inc. NY’s holdings in Couchbase were worth $22,740,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP grew its stake in Couchbase by 56.4% during the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after buying an additional 357,169 shares during the last quarter. EVR Research LP boosted its holdings in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after acquiring an additional 179,585 shares during the period. Pembroke Management LTD grew its position in shares of Couchbase by 18.1% during the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after acquiring an additional 123,927 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Couchbase by 7.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after acquiring an additional 118,372 shares during the period. Finally, 272 Capital LP purchased a new stake in Couchbase in the 3rd quarter valued at $1,566,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BASE has been the topic of several research reports. Piper Sandler Companies initiated coverage on shares of Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Robert W. Baird dropped their price target on Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research report on Thursday, September 5th. Barclays boosted their target price on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company decreased their price target on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

Couchbase Trading Up 0.0 %

Shares of Couchbase stock opened at $20.52 on Tuesday. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The stock has a market cap of $1.05 billion, a PE ratio of -13.13 and a beta of 0.59. The company has a 50-day moving average of $17.24 and a two-hundred day moving average of $18.29.

Couchbase (NASDAQ:BASE) last posted its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million for the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. Couchbase’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.44) earnings per share. On average, sell-side analysts forecast that Couchbase, Inc. will post -1.51 EPS for the current fiscal year.

Insider Buying and Selling at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the sale, the senior vice president now owns 373,647 shares in the company, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward T. Anderson bought 21,080 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, with a total value of $298,492.80. Following the purchase, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. The trade was a 32.52 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 10,548 shares of company stock worth $163,390. 16.10% of the stock is owned by corporate insiders.

Couchbase Company 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.