Congress Asset Management Co. Takes Position in Couchbase, Inc. (NASDAQ:BASE)

Congress Asset Management Co. bought a new position in Couchbase, Inc. (NASDAQ:BASE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 358,716 shares of the company's stock, valued at approximately $5,650,000. Congress Asset Management Co. owned about 0.68% of Couchbase at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BASE. Daiwa Securities Group Inc. lifted its stake in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after acquiring an additional 759 shares in the last quarter. Summit Investment Advisors Inc. lifted 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 purchasing an additional 807 shares in the last quarter. Ceera Investments LLC lifted its position in shares of Couchbase by 3.0% during the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock valued at $513,000 after purchasing an additional 960 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Couchbase by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company's stock worth $349,000 after purchasing an additional 1,076 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in Couchbase by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock worth $377,000 after purchasing an additional 1,342 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BASE shares. 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 research report on Wednesday, February 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price target on shares of Couchbase in a research report on Wednesday, June 4th. Barclays cut their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. UBS Group upped their price objective on Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley raised their target price on Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.65.

Couchbase Stock Down 0.6%

BASE traded down $0.12 on Thursday, hitting $19.26. The company's stock had a trading volume of 988,529 shares, compared to its average volume of 593,131. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $21.54. The firm has a market cap of $1.04 billion, a P/E ratio of -12.04 and a beta of 0.82. The company's 50 day simple moving average is $17.20 and its 200-day simple moving average is $16.84.

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

Insider Activity

In other Couchbase news, CFO William Robert Carey sold 2,300 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $19.50, for a total value of $44,850.00. Following the sale, the chief financial officer now owns 94,780 shares of the company's stock, valued at $1,848,210. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 value of $245,923.34. Following the transaction, the senior vice president now directly owns 427,699 shares of the company's stock, valued at $6,599,395.57. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,138 shares of company stock worth $306,865 over the last ninety days. Company insiders own 14.80% of the company's stock.

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.