Mutual of America Capital Management LLC Reduces Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Mutual of America Capital Management LLC trimmed its holdings in Couchbase, Inc. (NASDAQ:BASE) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,033 shares of the company’s stock after selling 667 shares during the period. Mutual of America Capital Management LLC owned approximately 0.14% of Couchbase worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of BASE. Point72 Asset Management L.P. grew its position in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after purchasing an additional 956 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Couchbase by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after buying an additional 1,865 shares in the last quarter. Arizona State Retirement System increased its position in shares of Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after buying an additional 2,445 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Couchbase in the second quarter worth about $47,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BASE has been the subject of several recent analyst reports. UBS Group reduced their price objective on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Oppenheimer decreased their price target on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Piper Sandler Companies started coverage on Couchbase in a research note on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Thursday, September 5th. Finally, Wells Fargo & Company dropped their price target on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward T. Anderson purchased 21,080 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the transaction, the director now owns 85,902 shares in the company, valued at approximately $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 11,448 shares of company stock valued at $180,742 over the last ninety days. Company insiders own 16.10% of the company’s stock.

Couchbase Stock Performance

Shares of BASE opened at $20.64 on Tuesday. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -12.98 and a beta of 0.59. The firm has a 50 day moving average price of $16.72 and a 200-day moving average price of $18.45.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) EPS. As a group, equities research analysts predict that Couchbase, Inc. will post -1.51 earnings per share for the current year.

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.