Arizona State Retirement System Buys 2,445 Shares of Couchbase, Inc. (NASDAQ:BASE)

Arizona State Retirement System lifted its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 28.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,032 shares of the company’s stock after purchasing an additional 2,445 shares during the quarter. Arizona State Retirement System’s holdings in Couchbase were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. NBC Securities Inc. bought a new position in Couchbase in the 1st quarter worth about $26,000. Harbor Capital Advisors Inc. grew its position in Couchbase by 23.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after purchasing an additional 1,125 shares during the period. StepStone Group LP purchased a new stake in Couchbase during the fourth quarter valued at $133,000. Greenwood Capital Associates LLC purchased a new stake in shares of Couchbase during the 1st quarter valued at about $225,000. Finally, ProShare Advisors LLC purchased a new stake in Couchbase during the first quarter valued at approximately $230,000. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Couchbase

In related news, CEO Matthew M. Cain sold 8,953 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total transaction of $179,149.53. Following the transaction, the chief executive officer now owns 776,437 shares in the company, valued at approximately $15,536,504.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Couchbase news, SVP Huw Owen sold 7,792 shares of Couchbase stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $16.84, for a total value of $131,217.28. Following the transaction, the senior vice president now directly owns 405,123 shares in the company, valued at approximately $6,822,271.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew M. Cain sold 8,953 shares of Couchbase stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total value of $179,149.53. Following the completion of the sale, the chief executive officer now directly owns 776,437 shares in the company, valued at approximately $15,536,504.37. The disclosure for this sale can be found here. Insiders have sold a total of 29,012 shares of company stock worth $553,312 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Down 1.2 %

Shares of Couchbase stock opened at $13.92 on Thursday. The firm has a market cap of $700.32 million, a PE ratio of -8.49 and a beta of 0.61. Couchbase, Inc. has a 52 week low of $13.91 and a 52 week high of $32.00. The business’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $21.61.

Couchbase (NASDAQ:BASE) last announced its earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. Couchbase’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the business posted ($0.44) EPS. As a group, equities analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a research report on Thursday, September 5th. Morgan Stanley lowered their price objective on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Oppenheimer dropped their target price on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Piper Sandler Companies began coverage on shares of Couchbase in a research note on Friday, August 16th. They set an “overweight” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

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.