New York State Common Retirement Fund Has $224,000 Stock Position in Couchbase, Inc. (NASDAQ:BASE)

New York State Common Retirement Fund lessened its position in Couchbase, Inc. (NASDAQ:BASE) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,400 shares of the company’s stock after selling 1,600 shares during the period. New York State Common Retirement Fund’s holdings in Couchbase were worth $224,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pembroke Management LTD increased its holdings in Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock worth $14,013,000 after purchasing an additional 98,061 shares in the last quarter. Rhumbline Advisers boosted its holdings in Couchbase by 26.2% during the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock worth $1,001,000 after acquiring an additional 13,345 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after acquiring an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Couchbase by 169.8% in the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after purchasing an additional 120,975 shares during the last quarter. Finally, 272 Capital LP purchased a new position in shares of Couchbase in the 3rd quarter worth approximately $3,720,000. Institutional investors own 96.07% of the company’s stock.

Couchbase Stock Performance

NASDAQ:BASE opened at $17.51 on Thursday. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The stock has a fifty day moving average of $17.16 and a 200 day moving average of $17.02. The firm has a market capitalization of $916.61 million, a price-to-earnings ratio of -10.94 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Equities analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial initiated coverage on Couchbase in a research note on Thursday, December 12th. They set a “buy” rating and a $21.00 target price on the stock. The Goldman Sachs Group reduced their price objective on Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company lowered their target price on Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price target on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley lowered their price objective on Couchbase from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.19.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 7,575 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the sale, the senior vice president now owns 341,709 shares of the company’s stock, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,883 shares of company stock worth $950,915 over the last 90 days. Corporate insiders own 16.10% of the company’s stock.

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.