Readystate Asset Management LP Purchases 53,000 Shares of Couchbase, Inc. (NASDAQ:BASE)

Readystate Asset Management LP raised its stake in Couchbase, Inc. (NASDAQ:BASE) by 58.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,448 shares of the company’s stock after buying an additional 53,000 shares during the period. Readystate Asset Management LP owned about 0.30% of Couchbase worth $3,230,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Couchbase by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 3,801,595 shares of the company’s stock worth $85,612,000 after buying an additional 441,704 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Couchbase by 16.0% during the 2nd quarter. BlackRock Inc. now owns 2,419,606 shares of the company’s stock valued at $38,278,000 after purchasing an additional 333,433 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Couchbase by 1.4% during the 4th quarter. Bamco Inc. NY now owns 2,354,581 shares of the company’s stock valued at $31,222,000 after purchasing an additional 33,046 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Couchbase by 25.3% during the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after purchasing an additional 302,069 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Couchbase by 14.8% during the 3rd quarter. Morgan Stanley now owns 1,221,777 shares of the company’s stock valued at $20,966,000 after purchasing an additional 157,347 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 3,500 shares of Couchbase stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the completion of the transaction, the senior vice president now directly owns 384,571 shares of the company’s stock, valued at approximately $9,614,275. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $24.15, for a total transaction of $242,779.95. Following the completion of the sale, the chief executive officer now directly owns 883,458 shares in the company, valued at approximately $21,335,510.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Huw Owen sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the sale, the senior vice president now owns 384,571 shares of the company’s stock, valued at $9,614,275. The disclosure for this sale can be found here. Insiders sold a total of 65,104 shares of company stock valued at $1,774,592 in the last three months. Company insiders own 22.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on BASE shares. Royal Bank of Canada increased their target price on shares of Couchbase from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Barclays increased their target price on shares of Couchbase from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. DA Davidson increased their price target on shares of Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Oppenheimer increased their price target on shares of Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company increased their price target on shares of Couchbase from $26.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and eight 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 an average target price of $32.40.

Couchbase Price Performance

NASDAQ BASE traded down $0.52 during trading hours on Wednesday, reaching $23.83. 313,812 shares of the company’s stock traded hands, compared to its average volume of 495,270. Couchbase, Inc. has a 52-week low of $13.97 and a 52-week high of $32.00. The firm has a market cap of $1.17 billion, a PE ratio of -14.02 and a beta of 0.69. The firm has a 50-day simple moving average of $26.91 and a 200 day simple moving average of $22.47.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. The company had revenue of $50.09 million during the quarter, compared to analysts’ expectations of $46.56 million. Sell-side analysts forecast that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

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.