Barclays PLC Raises Holdings in Couchbase, Inc. (NASDAQ:BASE)

Barclays PLC raised its position in Couchbase, Inc. (NASDAQ:BASE) by 242.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 75,602 shares of the company’s stock after purchasing an additional 53,555 shares during the period. Barclays PLC owned 0.14% of Couchbase worth $1,218,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Couchbase in the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Couchbase in the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. raised its holdings in shares of Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after acquiring an additional 956 shares during the period. Arizona State Retirement System boosted its position in shares of Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Stock Up 1.1 %

NASDAQ:BASE opened at $15.97 on Tuesday. The company has a market cap of $836.00 million, a P/E ratio of -9.98 and a beta of 0.79. The firm’s 50 day moving average is $17.39 and its two-hundred day moving average is $17.14. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

Insiders Place Their Bets

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the transaction, the chief financial officer now owns 336,679 shares in the company, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Huw Owen sold 2,993 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the transaction, the senior vice president now owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,233 shares of company stock worth $252,552 in the last 90 days. 16.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BASE shares. Robert W. Baird decreased their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus increased their price target on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Piper Sandler restated an “overweight” rating and issued a $21.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Wedbush started coverage on shares of Couchbase in a research note on Thursday, October 17th. They set an “outperform” rating and a $26.00 target price for the company. Finally, Barclays boosted their price target on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

Couchbase 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.