Couchbase, Inc. (NASDAQ:BASE) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in Couchbase, Inc. (NASDAQ:BASE) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,770 shares of the company’s stock after acquiring an additional 1,865 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Couchbase were worth $379,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BASE. Lord Abbett & CO. LLC bought a new stake in Couchbase during the 1st quarter valued at $9,059,000. Vanguard Group Inc. boosted its position in Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after purchasing an additional 227,828 shares during the last quarter. Acadian Asset Management LLC boosted its position in Couchbase by 346.2% during the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock valued at $6,928,000 after purchasing an additional 204,396 shares during the last quarter. EVR Research LP lifted its position in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after buying an additional 179,585 shares during the last quarter. Finally, Pembroke Management LTD lifted its position in shares of Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock worth $14,788,000 after buying an additional 123,927 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Couchbase Trading Down 3.0 %

Shares of BASE stock opened at $16.32 on Thursday. The stock has a 50 day simple moving average of $16.40 and a 200 day simple moving average of $19.87. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The stock has a market cap of $821.06 million, a P/E ratio of -9.95 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.44) earnings per share. Analysts forecast that Couchbase, Inc. will post -1.5 EPS for the current year.

Analysts Set New Price Targets

BASE has been the subject of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Couchbase in a research report on Thursday, September 5th. Piper Sandler reduced their price target on Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Guggenheim reiterated a “buy” rating and set a $30.00 target price on shares of Couchbase in a report on Tuesday, June 25th. Wells Fargo & Company dropped their price target on Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, DA Davidson lowered their target price on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.93.

Insider Activity at Couchbase

In related news, Director Edward T. Anderson acquired 21,080 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the acquisition, the director now directly owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Edward T. Anderson acquired 21,080 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $14.16 per share, with a total value of $298,492.80. Following 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 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Margaret Chow sold 2,290 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the transaction, the senior vice president now directly owns 192,458 shares in the company, valued at $3,849,160. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,056 shares of company stock worth $538,135 over the last three months. Company insiders own 16.10% of the company’s stock.

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.