US Bancorp DE Sells 6,235 Shares of Couchbase, Inc. (NASDAQ:BASE)

US Bancorp DE lessened its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,293 shares of the company’s stock after selling 6,235 shares during the period. US Bancorp DE’s holdings in Couchbase were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Couchbase by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company’s stock worth $2,102,000 after acquiring an additional 10,333 shares during the period. Olympiad Research LP bought a new stake in shares of Couchbase during the fourth quarter worth approximately $248,000. Maytree Asset Management Ltd bought a new stake in shares of Couchbase during the fourth quarter worth approximately $376,000. Pembroke Management LTD boosted its holdings in shares of Couchbase by 12.2% during the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock worth $14,013,000 after acquiring an additional 98,061 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Couchbase by 26.2% during the fourth 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 period. Institutional investors own 96.07% of the company’s stock.

Couchbase Stock Down 0.7 %

Shares of NASDAQ:BASE opened at $13.68 on Friday. The firm has a market cap of $716.12 million, a P/E ratio of -8.55 and a beta of 0.81. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $28.67. The business has a fifty day simple moving average of $17.11 and a 200 day simple moving average of $16.86.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley cut their price target on Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Barclays cut their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Robert W. Baird cut their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus boosted their price target on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.19.

Insider Buying and Selling

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 336,679 shares in the company, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 7,575 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,883 shares of company stock valued at $950,915 in the last three months. Insiders own 16.10% of the company’s stock.

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.