Voya Investment Management LLC Grows Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Voya Investment Management LLC increased its position in 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 & Exchange Commission. The firm owned 1,604,396 shares of the company's stock after purchasing an additional 195,434 shares during the period. Voya Investment Management LLC owned 3.06% of Couchbase worth $25,013,000 at the end of the most recent reporting period.

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

Insider Activity at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now directly owns 304,555 shares of the company's stock, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,658 shares of company stock worth $709,172. Company insiders own 16.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BASE. Wells Fargo & Company reduced their price objective on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Guggenheim dropped their price target on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Couchbase has an average rating of "Moderate Buy" and an average target price of $21.41.

Couchbase Price Performance

Shares of BASE stock traded up $0.53 on Wednesday, hitting $17.64. 1,728,772 shares of the stock traded hands, compared to its average volume of 582,876. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $28.67. The firm has a 50 day simple moving average of $15.48 and a two-hundred day simple moving average of $16.70. The firm has a market cap of $952.22 million, a price-to-earnings ratio of -11.03 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $54.92 million for the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Sell-side analysts forecast that Couchbase, Inc. will post -1.48 EPS 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.