Geode Capital Management LLC Has $15.23 Million Stake in Couchbase, Inc. (NASDAQ:BASE)

Geode Capital Management LLC grew its position in Couchbase, Inc. (NASDAQ:BASE) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 944,447 shares of the company’s stock after acquiring an additional 88,068 shares during the period. Geode Capital Management LLC owned 1.84% of Couchbase worth $15,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after purchasing an additional 93,301 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Couchbase during the 3rd quarter worth about $772,000. 272 Capital LP acquired a new stake in Couchbase in the 3rd quarter valued at about $1,566,000. Horrell Capital Management Inc. raised its stake in shares of Couchbase by 64.3% in the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock worth $3,708,000 after acquiring an additional 90,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Couchbase by 34.9% during the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock worth $2,997,000 after purchasing an additional 42,434 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. The trade was a 2.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,140 shares of company stock valued at $219,004 over the last three months. Company insiders own 16.10% of the company’s stock.

Couchbase Trading Down 2.2 %

BASE opened at $15.24 on Monday. The stock has a market capitalization of $797.78 million, a P/E ratio of -9.53 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 firm’s fifty day simple moving average is $17.52 and its 200 day simple moving average is $17.27.

Analyst Upgrades and Downgrades

BASE has been the subject of several research reports. Guggenheim reissued a “buy” rating and issued a $30.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley cut their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $21.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. Oppenheimer cut their price objective 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. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.