Federated Hermes Inc. Boosts Holdings in Couchbase, Inc. (NASDAQ:BASE)

Federated Hermes Inc. raised its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 8,574.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,404 shares of the company’s stock after buying an additional 12,261 shares during the quarter. Federated Hermes Inc.’s holdings in Couchbase were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Couchbase in the third quarter worth about $67,000. Daiwa Securities Group Inc. bought a new stake in Couchbase in the 4th quarter worth approximately $92,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Couchbase by 21.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock worth $151,000 after acquiring an additional 1,203 shares in the last quarter. Corton Capital Inc. bought a new position in shares of Couchbase during the 3rd quarter valued at approximately $178,000. Finally, SG Americas Securities LLC purchased a new position in shares of Couchbase in the fourth quarter valued at $210,000. Institutional investors own 96.07% of the company’s stock.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $25.89 on Monday. Couchbase, Inc. has a 1-year low of $13.97 and a 1-year high of $32.00. The business has a fifty day moving average price of $26.13 and a 200 day moving average price of $23.18. The stock has a market capitalization of $1.30 billion, a P/E ratio of -15.23 and a beta of 0.72.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate 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 business had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. As a group, equities research analysts anticipate that Couchbase, Inc. will post -1.42 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of Couchbase stock in a transaction on Monday, April 15th. The shares were sold at an average price of $24.15, for a total value of $242,779.95. Following the transaction, the chief executive officer now directly owns 883,458 shares of the company’s stock, valued at $21,335,510.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Couchbase news, CEO Matthew M. Cain sold 10,053 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $24.15, for a total value 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 $21,335,510.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Margaret Chow sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $30.53, for a total value of $305,300.00. Following the completion of the sale, the senior vice president now directly owns 217,700 shares of the company’s stock, valued at approximately $6,646,381. The disclosure for this sale can be found here. Insiders sold 55,228 shares of company stock valued at $1,515,192 over the last 90 days. Insiders own 22.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Stifel Nicolaus upped their price objective on Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. DA Davidson raised their price objective on Couchbase from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Guggenheim boosted their target price on Couchbase from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada raised their price target on Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.40.

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.