Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,604,396 shares of the company's stock after buying an additional 195,434 shares during the period. Voya Investment Management LLC owned approximately 3.06% of Couchbase worth $25,013,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BASE. Daiwa Securities Group Inc. grew its position in Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after buying an additional 759 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after buying an additional 807 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Couchbase during the 4th quarter worth approximately $112,000. Dark Forest Capital Management LP bought a new stake in Couchbase during the fourth quarter valued at $165,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in Couchbase in the 4th quarter worth about $198,000. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling

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 value of $173,028.40. Following the completion of the transaction, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,658 shares of company stock worth $709,172 in the last 90 days. Company insiders own 16.10% of the company's stock.

Analyst Ratings Changes

BASE has been the topic of several research reports. Barclays decreased their price target on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Piper Sandler cut their target price on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim dropped their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Rosenblatt Securities started coverage on Couchbase in a research report on Wednesday, April 9th. They set a "buy" rating and a $20.00 price objective for the company. Finally, Royal Bank of Canada dropped their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.41.

Couchbase Stock Down 1.9 %

Shares of Couchbase stock traded down $0.34 during mid-day trading on Friday, hitting $17.50. The stock had a trading volume of 190,956 shares, compared to its average volume of 583,452. The firm has a market cap of $944.88 million, a P/E ratio of -10.97 and a beta of 0.85. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $28.67. The firm has a 50-day moving average of $15.50 and a two-hundred day moving average of $16.72.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million during 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%. Sell-side analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current 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.