Price T Rowe Associates Inc. MD Increases Position in Couchbase, Inc. (NASDAQ:BASE)

Price T Rowe Associates Inc. MD raised its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,954 shares of the company’s stock after buying an additional 3,223 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Couchbase were worth $249,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BASE. JPMorgan Chase & Co. boosted its position in shares of Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after buying an additional 120,975 shares during the period. SG Americas Securities LLC boosted its position in shares of Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after buying an additional 1,472 shares during the period. Rhumbline Advisers boosted its position in shares of Couchbase by 26.2% during the fourth quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock valued at $1,001,000 after buying an additional 13,345 shares during the period. Pembroke Management LTD boosted its position in shares of Couchbase by 12.2% during the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after buying an additional 98,061 shares during the period. Finally, Maytree Asset Management Ltd purchased a new position in shares of Couchbase during the fourth quarter valued at approximately $376,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the transaction, the senior vice president now directly owns 427,699 shares of the company’s stock, valued at $6,599,395.57. This represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.80% of the company’s stock.

Couchbase Trading Up 2.7%

Shares of BASE stock opened at $18.77 on Friday. The business’s fifty day simple moving average is $15.74 and its 200-day simple moving average is $16.82. The company has a market cap of $1.01 billion, a PE ratio of -11.73 and a beta of 0.83. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $28.67.

Couchbase (NASDAQ:BASE) last issued 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). The business had revenue of $54.92 million for the quarter, compared to analyst estimates 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 forecast that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Guggenheim lowered their price target on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Piper Sandler lowered their price target on Couchbase from $22.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Finally, Morgan Stanley lowered their price target on Couchbase from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. 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.com, Couchbase currently has an average rating of “Moderate Buy” and a consensus target price of $21.41.

Couchbase Company 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.