Vanguard Group Inc. Acquires 164,563 Shares of Couchbase, Inc. (NASDAQ:BASE)

Vanguard Group Inc. boosted its holdings in Couchbase, Inc. (NASDAQ:BASE) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,126,087 shares of the company’s stock after acquiring an additional 164,563 shares during the quarter. Vanguard Group Inc. owned 9.79% of Couchbase worth $79,916,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Couchbase by 27.3% during the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the last quarter. Geode Capital Management LLC boosted its position in Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after purchasing an additional 88,068 shares during the last quarter. Pembroke Management LTD grew its stake in Couchbase by 12.2% in the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after purchasing an additional 98,061 shares during the period. State Street Corp increased its position in shares of Couchbase by 4.1% during the 3rd quarter. State Street Corp now owns 850,515 shares of the company’s stock valued at $13,710,000 after purchasing an additional 33,294 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Couchbase by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company’s stock worth $6,185,000 after purchasing an additional 27,509 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays dropped their target price on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Morgan Stanley lowered their price target on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Finally, Truist Financial initiated coverage on shares of Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. One investment 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.06.

Couchbase Stock Down 5.5 %

NASDAQ BASE opened at $14.78 on Friday. The stock’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $16.66. Couchbase, Inc. has a twelve month low of $12.78 and a twelve 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 issued its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, equities analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In other news, SVP Huw Owen sold 14,742 shares of Couchbase stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the sale, the senior vice president now directly owns 311,251 shares in the company, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 9,820 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the transaction, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,400 shares of company stock worth $975,265 in the last ninety days. 16.10% of the stock is owned by company 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.