Pembroke Management LTD Increases Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Pembroke Management LTD increased its holdings in Couchbase, Inc. (NASDAQ:BASE) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 898,842 shares of the company’s stock after acquiring an additional 98,061 shares during the quarter. Couchbase makes up about 1.8% of Pembroke Management LTD’s holdings, making the stock its 24th biggest position. Pembroke Management LTD owned 1.72% of Couchbase worth $14,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BASE. Portolan Capital Management LLC increased its stake in Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock valued at $14,102,000 after purchasing an additional 382,851 shares during the period. Wasatch Advisors LP raised its stake in Couchbase by 56.4% during the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock valued at $15,964,000 after acquiring an additional 357,169 shares during the last quarter. Franklin Resources Inc. lifted its position in Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares during the period. 272 Capital LP purchased a new position in shares of Couchbase in the 3rd quarter valued at approximately $3,720,000. Finally, JPMorgan Chase & Co. increased 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 period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Trading Down 1.7 %

NASDAQ:BASE opened at $18.48 on Tuesday. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a market capitalization of $967.39 million, a P/E ratio of -11.55 and a beta of 0.81. The firm has a 50-day moving average price of $16.67 and a two-hundred day moving average price of $17.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same period last year, the company earned ($0.34) EPS. On average, equities research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Activity

In other Couchbase news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the transaction, the chief financial officer now owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the sale, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,883 shares of company stock worth $950,915 over the last three months. 16.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BASE has been the topic of several recent research reports. Guggenheim reissued a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $21.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Morgan Stanley lowered their price objective on Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Barclays increased their target price on Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Robert W. Baird decreased their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus target price 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.