272 Capital LP Buys New Shares in Couchbase, Inc. (NASDAQ:BASE)

272 Capital LP purchased a new position in Couchbase, Inc. (NASDAQ:BASE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,067 shares of the company’s stock, valued at approximately $1,566,000. Couchbase comprises 1.7% of 272 Capital LP’s investment portfolio, making the stock its 19th largest position. 272 Capital LP owned about 0.19% of Couchbase as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Couchbase in the second quarter valued at about $47,000. Point72 Hong Kong Ltd bought a new stake in shares of Couchbase in the 2nd quarter worth approximately $67,000. Harbor Capital Advisors Inc. grew its holdings in shares of Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after purchasing an additional 1,125 shares in the last quarter. Arizona State Retirement System increased its position in shares of Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the period. Finally, Point72 Asset Management L.P. raised its stake 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 in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BASE shares. DA Davidson decreased their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Wedbush started coverage on shares of Couchbase in a research note on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price on the stock. Barclays raised their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. UBS Group lowered their price objective on Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Oppenheimer dropped their target price on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

Couchbase Stock Up 0.9 %

Shares of NASDAQ BASE opened at $20.51 on Friday. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The firm’s 50-day simple moving average is $17.24 and its 200 day simple moving average is $18.40. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -12.90 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. During the same quarter last year, the business posted ($0.44) earnings per share. Couchbase’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, equities analysts expect that Couchbase, Inc. will post -1.51 earnings per share for the current year.

Insider Activity

In other Couchbase news, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the sale, the senior vice president now owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward T. Anderson purchased 21,080 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the purchase, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This trade represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 11,448 shares of company stock valued at $180,742 over the last 90 days. 16.10% of the stock is owned by company insiders.

About Couchbase

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.