Wells Fargo & Company MN Boosts Stake in Couchbase, Inc. (NASDAQ:BASE)

Wells Fargo & Company MN raised its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,503 shares of the company’s stock after buying an additional 4,010 shares during the period. Wells Fargo & Company MN owned about 0.06% of Couchbase worth $476,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BASE. Daiwa Securities Group Inc. raised its stake in shares of Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after acquiring an additional 759 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Couchbase during the 4th quarter worth $112,000. ANTIPODES PARTNERS Ltd bought a new stake in Couchbase during the 4th quarter valued at $198,000. SG Americas Securities LLC raised its position in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after purchasing an additional 1,472 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Couchbase in the 4th quarter worth $248,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gregory N. Henry sold 9,820 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,658 shares of company stock worth $709,172 in the last ninety days. Insiders own 16.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BASE. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. Morgan Stanley dropped their target price on Couchbase from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities initiated coverage on Couchbase in a research report on Wednesday, April 9th. They issued a “buy” rating and a $20.00 price target for the company. Guggenheim dropped their price objective on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada cut their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.41.

Couchbase Stock Performance

BASE opened at $17.59 on Friday. The stock has a market capitalization of $949.53 million, a P/E ratio of -10.99 and a beta of 0.85. Couchbase, Inc. has a one year low of $12.78 and a one year high of $28.67. The business’s 50-day simple moving average is $15.53 and its 200-day simple moving average is $16.73.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share 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 analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. On average, equities research analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.