Bank of America Corp DE Purchases 32,999 Shares of Couchbase, Inc. (NASDAQ:BASE)

Bank of America Corp DE increased its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,446 shares of the company's stock after buying an additional 32,999 shares during the period. Bank of America Corp DE owned 0.20% of Couchbase worth $1,659,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Couchbase during the 4th quarter worth $657,000. Comerica Bank grew its position in shares of Couchbase by 21.7% in the fourth quarter. Comerica Bank now owns 64,094 shares of the company's stock valued at $999,000 after purchasing an additional 11,438 shares during the last quarter. Northern Trust Corp increased its stake in shares of Couchbase by 11.1% in the fourth quarter. Northern Trust Corp now owns 367,884 shares of the company's stock worth $5,735,000 after purchasing an additional 36,828 shares during the period. Quarry LP acquired a new position in shares of Couchbase during the 4th quarter worth about $35,000. Finally, Voya Investment Management LLC boosted its stake in Couchbase by 13.9% during the 4th quarter. Voya Investment Management LLC now owns 1,604,396 shares of the company's stock valued at $25,013,000 after purchasing an additional 195,434 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

BASE has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price target on shares of Couchbase in a research report on Monday. Barclays dropped their target price on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of Couchbase in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler boosted their price objective on shares of Couchbase from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.65.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction on Friday, March 28th. The shares were 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 of the company's stock, valued at approximately $6,599,395.57. The trade was a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.80% of the company's stock.

Couchbase Stock Performance

NASDAQ BASE traded down $0.24 during trading on Friday, reaching $19.22. 678,306 shares of the company traded hands, compared to its average volume of 599,038. The stock's 50 day moving average price is $16.89 and its two-hundred day moving average price is $16.87. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -12.01 and a beta of 0.82. Couchbase, Inc. has a 1-year low of $12.78 and a 1-year high of $21.54.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The firm had revenue of $56.52 million for the quarter, compared to analysts' expectations of $55.59 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. The company's quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.