Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 369,190 shares of the company’s stock after buying an additional 93,301 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of Couchbase worth $5,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EVR Research LP raised its stake in Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Hood River Capital Management LLC raised its stake in Couchbase by 7.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Pembroke Management LTD raised its stake in Couchbase by 18.1% in the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after purchasing an additional 123,927 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Couchbase by 17.6% during the 2nd quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock valued at $5,653,000 after acquiring an additional 46,298 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Couchbase by 23.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 267,292 shares of the company’s stock valued at $4,881,000 after acquiring an additional 50,761 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction on 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 directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This trade represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 10,548 shares of company stock valued at $163,390. Corporate insiders own 16.10% of the company’s stock.

Couchbase Trading Up 0.5 %

BASE stock opened at $16.15 on Friday. The firm has a market cap of $845.42 million, a P/E ratio of -10.09 and a beta of 0.71. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The stock’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.79.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BASE. Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Truist Financial began coverage on shares of Couchbase in a research note on Thursday. They set a “buy” rating and a $21.00 price objective for the company. Barclays boosted their target price on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

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.