Couchbase, Inc. (NASDAQ:BASE) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 169.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,216 shares of the company’s stock after purchasing an additional 120,975 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.37% of Couchbase worth $3,099,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in Couchbase during the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. lifted its position in Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after buying an additional 956 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after buying an additional 700 shares during the last quarter. Creative Planning increased its stake in shares of Couchbase by 59.0% in the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after acquiring an additional 6,433 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of Couchbase during the 2nd quarter worth $300,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In other news, SVP Huw Owen sold 2,993 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the transaction, the senior vice president now owns 325,993 shares in the company, valued at approximately $5,222,407.86. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the sale, the chief financial officer now directly owns 336,679 shares in the company, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,233 shares of company stock worth $252,552. 16.10% of the stock is currently owned by corporate insiders.

Couchbase Stock Performance

Shares of Couchbase stock opened at $16.45 on Monday. The business has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $17.09. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The company has a market cap of $861.16 million, a PE ratio of -10.28 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BASE. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Stifel Nicolaus raised their target price on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wedbush began coverage on Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Finally, Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.13.

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.