Rhumbline Advisers Purchases 13,345 Shares of Couchbase, Inc. (NASDAQ:BASE)

Rhumbline Advisers boosted its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 26.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 64,229 shares of the company’s stock after purchasing an additional 13,345 shares during the quarter. Rhumbline Advisers owned about 0.12% of Couchbase worth $1,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after purchasing an additional 353,233 shares during the last quarter. Wasatch Advisors LP increased its holdings in Couchbase by 56.4% in the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after buying an additional 357,169 shares in the last quarter. Geode Capital Management LLC raised its position in Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after buying an additional 88,068 shares during the last quarter. Portolan Capital Management LLC lifted its stake in Couchbase by 77.8% during the 3rd quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after acquiring an additional 382,851 shares during the period. Finally, State Street Corp lifted its stake in Couchbase by 4.1% during the 3rd quarter. State Street Corp now owns 850,515 shares of the company’s stock valued at $13,710,000 after acquiring an additional 33,294 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Couchbase

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Huw Owen sold 14,742 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total transaction of $266,093.10. Following the completion of the transaction, the senior vice president now directly owns 311,251 shares in the company, valued at $5,618,080.55. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock valued at $950,915 over the last ninety days. 16.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BASE shares. Robert W. Baird decreased their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group cut their target price on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. Barclays lowered their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Guggenheim dropped their price target on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price objective on Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.19.

Couchbase Stock Down 4.0 %

BASE stock opened at $16.81 on Friday. The business’s 50-day moving average price is $17.19 and its 200-day moving average price is $17.02. The stock has a market cap of $879.97 million, a P/E ratio of -10.51 and a beta of 0.81. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $29.69.

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

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.