Wasatch Advisors LP Boosts Position in Couchbase, Inc. (NASDAQ:BASE)

Wasatch Advisors LP increased its stake in Couchbase, Inc. (NASDAQ:BASE) by 56.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 990,331 shares of the company’s stock after acquiring an additional 357,169 shares during the quarter. Wasatch Advisors LP’s holdings in Couchbase were worth $15,964,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Couchbase by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after buying an additional 227,828 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Couchbase in the 3rd quarter worth about $772,000. Horrell Capital Management Inc. increased its stake in Couchbase by 64.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock worth $3,708,000 after buying an additional 90,000 shares during the period. Bank of New York Mellon Corp increased its stake in Couchbase by 34.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock worth $2,997,000 after buying an additional 42,434 shares during the period. Finally, EVR Research LP increased its position in Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Trading Up 0.9 %

Shares of NASDAQ BASE opened at $20.51 on Friday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The company has a 50 day simple moving average of $17.24 and a two-hundred day simple moving average of $18.40. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -12.90 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. During the same period in the previous year, the business posted ($0.44) EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Analysts forecast that Couchbase, Inc. will post -1.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on BASE shares. Piper Sandler cut their target price on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company lowered their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a report on Thursday, September 5th. Stifel Nicolaus lowered their target price on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Robert W. Baird lowered their target price on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve 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 price target of $23.40.

Insider Buying and Selling at Couchbase

In other news, Director Edward T. Anderson bought 21,080 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. This trade represents a 32.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the transaction, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,448 shares of company stock worth $180,742. Company insiders own 16.10% of the company’s stock.

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.