BNP Paribas Financial Markets Takes $657,000 Position in Couchbase, Inc. (NASDAQ:BASE)

BNP Paribas Financial Markets purchased a new position in Couchbase, Inc. (NASDAQ:BASE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,161 shares of the company's stock, valued at approximately $657,000. BNP Paribas Financial Markets owned 0.08% of Couchbase at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BASE. Comerica Bank boosted its position in shares of Couchbase by 21.7% in the 4th quarter. Comerica Bank now owns 64,094 shares of the company's stock worth $999,000 after buying an additional 11,438 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Couchbase by 11.1% in the fourth quarter. Northern Trust Corp now owns 367,884 shares of the company's stock valued at $5,735,000 after purchasing an additional 36,828 shares in the last quarter. Quarry LP purchased a new stake in shares of Couchbase in the fourth quarter valued at about $35,000. Voya Investment Management LLC grew its position in shares of Couchbase by 13.9% in the fourth 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 last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after purchasing an additional 756,394 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Stock Performance

Shares of NASDAQ:BASE opened at $18.56 on Friday. The firm has a 50 day simple moving average of $16.10 and a 200 day simple moving average of $16.88. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $27.48. The company has a market cap of $1.00 billion, a PE ratio of -11.60 and a beta of 0.83.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $53.25 million. On average, equities analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

BASE has been the subject of a number of recent research reports. Wells Fargo & Company dropped 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. Rosenblatt Securities initiated coverage on shares of Couchbase in a research report on Wednesday, April 9th. They issued a "buy" rating and a $20.00 price objective for the company. Barclays reduced their price objective 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. Guggenheim lowered their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "buy" rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Couchbase presently has an average rating of "Moderate Buy" and an average target price of $21.41.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the sale, the senior vice president now directly owns 427,699 shares of the company's stock, valued at $6,599,395.57. This represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.80% of the company's stock.

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.

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