State Street Corp Grows Holdings in Couchbase, Inc. (NASDAQ:BASE)

State Street Corp grew its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 850,515 shares of the company’s stock after buying an additional 33,294 shares during the quarter. State Street Corp owned 1.66% of Couchbase worth $13,710,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BASE. Ashton Thomas Private Wealth LLC purchased a new position in shares of Couchbase during the second quarter worth approximately $47,000. Point72 Hong Kong Ltd purchased a new position in Couchbase in the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. raised its position 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. Arizona State Retirement System lifted its stake in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after buying an additional 700 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Oppenheimer dropped their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Robert W. Baird cut their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Finally, Wedbush initiated coverage on shares of Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Insiders Place Their Bets

In other news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company’s stock, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 9,448 shares of company stock valued at $146,890. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Up 1.5 %

Shares of NASDAQ BASE opened at $15.50 on Thursday. The firm has a market cap of $811.39 million, a P/E ratio of -9.69 and a beta of 0.71. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a 50 day moving average of $17.59 and a 200 day moving average of $17.31.

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.