Creative Planning Has $279,000 Holdings in Couchbase, Inc. (NASDAQ:BASE)

Creative Planning grew its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 59.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,335 shares of the company’s stock after acquiring an additional 6,433 shares during the period. Creative Planning’s holdings in Couchbase were worth $279,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Couchbase during the second quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Couchbase during the second quarter worth approximately $67,000. Harbor Capital Advisors Inc. lifted its position in Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after acquiring an additional 1,125 shares during the last quarter. Arizona State Retirement System lifted its position in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Couchbase during the first quarter worth approximately $230,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BASE has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Stifel Nicolaus dropped their price target on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Piper Sandler Companies initiated coverage on shares of Couchbase in a research report on Friday, August 16th. They issued an “overweight” rating and a $22.00 price target for the company. DA Davidson dropped their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Oppenheimer dropped their price target on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Stock Performance

NASDAQ BASE opened at $18.17 on Friday. The firm’s fifty day moving average price is $15.92 and its two-hundred day moving average price is $18.90. The stock has a market cap of $932.48 million, a PE ratio of -11.43 and a beta of 0.59. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

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

Insiders Place Their Bets

In related news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company’s stock, valued at $5,630,860.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company’s stock, valued at $5,630,860.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward T. Anderson acquired 21,080 shares of Couchbase stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the purchase, the director now owns 85,902 shares of the company’s stock, valued at $1,216,372.32. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 10,536 shares of company stock valued at $164,326. 16.10% of the stock is currently owned by insiders.

About Couchbase

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.