Tower Research Capital LLC TRC Increases Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Tower Research Capital LLC TRC boosted its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 368.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,699 shares of the company's stock after acquiring an additional 14,706 shares during the quarter. Tower Research Capital LLC TRC's holdings in Couchbase were worth $292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in shares of Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after acquiring an additional 759 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after acquiring an additional 807 shares in the last quarter. Ceera Investments LLC boosted its position in shares of Couchbase by 3.0% in the 4th quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock valued at $513,000 after purchasing an additional 960 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Couchbase by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after acquiring an additional 1,342 shares during the period. Finally, SG Americas Securities LLC grew its position in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BASE shares. Morgan Stanley cut their target price on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their target price on Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Piper Sandler lowered their target price on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. UBS Group reduced their target price on Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their target price on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.41.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now owns 427,699 shares in the company, valued at $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.10% of the company's stock.

Couchbase Stock Performance

NASDAQ BASE traded up $0.07 during trading hours on Thursday, reaching $17.54. 70,637 shares of the company's stock were exchanged, compared to its average volume of 585,018. Couchbase, Inc. has a one year low of $12.78 and a one year high of $28.67. The company's 50-day moving average is $15.50 and its two-hundred day moving average is $16.74. The company has a market capitalization of $946.83 million, a price-to-earnings ratio of -10.96 and a beta of 0.83.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data 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). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The business had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Research analysts predict 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.