Circumference Group LLC Has $4.83 Million Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

Circumference Group LLC grew its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 310,000 shares of the company's stock after acquiring an additional 80,000 shares during the quarter. Couchbase comprises about 4.2% of Circumference Group LLC's investment portfolio, making the stock its 10th largest holding. Circumference Group LLC owned about 0.59% of Couchbase worth $4,833,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. increased its stake in shares of Couchbase by 10.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 169,118 shares of the company's stock valued at $2,637,000 after purchasing an additional 16,556 shares during the period. Deutsche Bank AG increased its position in Couchbase by 10.5% in the 4th quarter. Deutsche Bank AG now owns 390,383 shares of the company's stock valued at $6,086,000 after acquiring an additional 36,960 shares during the period. Centiva Capital LP bought a new stake in Couchbase during the 4th quarter valued at $356,000. Balyasny Asset Management L.P. acquired a new position in Couchbase during the 4th quarter worth $201,000. Finally, Bank of America Corp DE grew its stake in shares of Couchbase by 44.9% in the fourth quarter. Bank of America Corp DE now owns 106,446 shares of the company's stock worth $1,659,000 after purchasing an additional 32,999 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BASE shares. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. Rosenblatt Securities began coverage on shares of Couchbase in a report on Wednesday, April 9th. They issued a "buy" rating and a $20.00 target price on the stock. Guggenheim reduced their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Piper Sandler dropped their price target on Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada cut their price objective on Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Couchbase currently has a consensus rating of "Moderate Buy" and an average target price of $21.41.

Couchbase Stock Up 0.4%

Couchbase stock traded up $0.07 during mid-day trading on Tuesday, reaching $18.15. The company had a trading volume of 254,877 shares, compared to its average volume of 587,773. The firm has a market cap of $979.76 million, a price-to-earnings ratio of -11.34 and a beta of 0.83. The company has a 50 day moving average of $15.54 and a 200-day moving average of $16.77. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 14.80% of the stock is currently owned by corporate 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.