Strs Ohio increased its holdings in shares of Couchbase, Inc. (NASDAQ:BASE – Get Rating) by 93.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,200 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Strs Ohio’s holdings in Couchbase were worth $88,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank raised its stake in Couchbase by 41.5% during the 2nd quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $599,000 after buying an additional 10,700 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Couchbase during the 2nd quarter worth $300,000. Herald Investment Management Ltd increased its holdings in Couchbase by 53.8% during the 2nd quarter. Herald Investment Management Ltd now owns 100,000 shares of the company’s stock worth $1,638,000 after purchasing an additional 35,000 shares in the last quarter. Amalgamated Bank bought a new position in Couchbase during the 1st quarter worth about $45,000. Finally, Pembroke Management LTD increased its holdings in Couchbase by 55.2% during the 2nd quarter. Pembroke Management LTD now owns 709,125 shares of the company’s stock worth $11,643,000 after purchasing an additional 252,340 shares in the last quarter. Institutional investors and hedge funds own 59.22% of the company’s stock.
Couchbase Stock Performance
Shares of NASDAQ:BASE opened at $13.27 on Friday. Couchbase, Inc. has a 52-week low of $10.19 and a 52-week high of $25.03. The company has a market capitalization of $599.42 million, a P/E ratio of -9.09 and a beta of 0.57. The company has a 50-day simple moving average of $13.16 and a 200 day simple moving average of $14.38.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on BASE shares. The Goldman Sachs Group lowered their target price on Couchbase from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, December 7th. Royal Bank of Canada lowered their target price on Couchbase from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, December 7th. Morgan Stanley decreased their price objective on Couchbase from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, November 21st. Robert W. Baird decreased their price objective on Couchbase from $22.00 to $18.00 in a report on Wednesday, December 7th. Finally, Wedbush assumed coverage on Couchbase in a report on Wednesday, December 14th. They issued a “neutral” rating and a $16.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.56.
Couchbase Company Profile
Couchbase, Inc provides a database for enterprise applications worldwide. 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 Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.
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