BNP Paribas Financial Markets Takes Position in Couchbase, Inc. (NASDAQ:BASE)

BNP Paribas Financial Markets purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 42,161 shares of the company's stock, valued at approximately $657,000. BNP Paribas Financial Markets owned about 0.08% of Couchbase at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in Couchbase by 12.2% during the 4th 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. Rhumbline Advisers raised its holdings in shares of Couchbase by 26.2% during the fourth quarter. Rhumbline Advisers now owns 64,229 shares of the company's stock worth $1,001,000 after purchasing an additional 13,345 shares during the last quarter. Pembroke Management LTD raised its holdings in shares of Couchbase by 12.2% during the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock worth $14,013,000 after purchasing an additional 98,061 shares during the last quarter. Maytree Asset Management Ltd purchased a new position in Couchbase in the fourth quarter valued at $376,000. Finally, Olympiad Research LP acquired a new stake in shares of Couchbase in the fourth quarter valued at about $248,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BASE. Rosenblatt Securities began coverage on shares of Couchbase in a report on Wednesday, April 9th. They set a "buy" rating and a $20.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. UBS Group lowered their price target on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Guggenheim cut their price target 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. One equities 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.41.

Insider Activity

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the business'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 completion of the transaction, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. The trade was a 3.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 14.80% of the company's stock.

Couchbase Stock Performance

NASDAQ BASE traded down $0.39 on Wednesday, reaching $18.08. 47,696 shares of the stock traded hands, compared to its average volume of 591,246. The company has a fifty day moving average price of $16.38 and a 200-day moving average price of $16.89. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $26.67. The company has a market cap of $976.03 million, a price-to-earnings ratio of -11.31 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 (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. As a group, research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

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.