KLP Kapitalforvaltning AS Makes New Investment in Couchbase, Inc. (NASDAQ:BASE)

KLP Kapitalforvaltning AS acquired a new stake in Couchbase, Inc. (NASDAQ:BASE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,200 shares of the company’s stock, valued at approximately $112,000.

A number of other hedge funds have also recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its position in shares of Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after acquiring an additional 759 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Couchbase in the fourth quarter valued at approximately $198,000. SG Americas Securities LLC raised its stake in shares of Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after buying an additional 1,472 shares during the period. Olympiad Research LP acquired a new stake in Couchbase in the 4th quarter valued at $248,000. Finally, Intech Investment Management LLC acquired a new position in Couchbase during the fourth quarter worth $249,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Trading Down 5.5 %

Shares of NASDAQ:BASE opened at $14.78 on Friday. The business has a 50-day moving average price of $16.24 and a 200 day moving average price of $16.66. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $28.67. The company has a market capitalization of $784.82 million, a price-to-earnings ratio of -9.24 and a beta of 0.85.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The company had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $53.25 million. As a group, equities research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the transaction, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the sale, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,400 shares of company stock worth $975,265 over the last ninety days. Company insiders own 16.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley decreased their target price on Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Guggenheim dropped their target price on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Couchbase has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

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.