Couchbase, Inc. $BASE Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Couchbase, Inc. by 1.1%, now holding 5,069,911 shares, equivalent to 9.39% of the company, valued at approximately $79.85 million.
• Several institutional investors, including Wells Fargo and Barclays, have recently increased their positions in Couchbase, indicating growing interest among hedge funds.
• Analysts have mixed perspectives on Couchbase, with multiple firms downgrading their ratings while others, like Barclays, raised their price targets to $24.50, suggesting a cautiously optimistic outlook.

Vanguard Group Inc. cut its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,069,911 shares of the company's stock after selling 56,176 shares during the period. Vanguard Group Inc. owned about 9.39% of Couchbase worth $79,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BASE. Wells Fargo & Company MN increased its stake in Couchbase by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 30,503 shares of the company's stock worth $476,000 after purchasing an additional 4,010 shares during the period. Barclays PLC increased its stake in shares of Couchbase by 6.5% during the fourth quarter. Barclays PLC now owns 80,520 shares of the company's stock worth $1,255,000 after buying an additional 4,918 shares during the period. Marshall Wace LLP raised its holdings in Couchbase by 61.0% in the fourth quarter. Marshall Wace LLP now owns 34,163 shares of the company's stock valued at $533,000 after acquiring an additional 12,945 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Couchbase by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Couchbase by 368.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,699 shares of the company's stock valued at $292,000 after acquiring an additional 14,706 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Price Performance

Shares of BASE traded down $0.01 during mid-day trading on Thursday, reaching $24.40. 398,058 shares of the company's stock were exchanged, compared to its average volume of 863,691. The stock has a market capitalization of $1.35 billion, a PE ratio of -17.81 and a beta of 0.93. The business's fifty day simple moving average is $24.23 and its 200-day simple moving average is $19.44. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $25.16.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) earnings per share. Couchbase has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Buying and Selling at Couchbase

In other news, CFO William Robert Carey sold 2,300 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total transaction of $44,850.00. Following the transaction, the chief financial officer directly owned 94,780 shares in the company, valued at approximately $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 15,873 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $24.28, for a total value of $385,396.44. Following the sale, the senior vice president directly owned 377,820 shares of the company's stock, valued at approximately $9,173,469.60. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,441 shares of company stock valued at $3,473,797. 14.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BASE shares. Rosenblatt Securities cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $22.00 to $24.50 in a report on Friday, June 20th. Piper Sandler cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $20.00 to $24.50 in a report on Friday, June 20th. Truist Financial reaffirmed a "hold" rating and issued a $24.50 target price (up previously from $21.00) on shares of Couchbase in a report on Monday, June 23rd. William Blair cut shares of Couchbase from a "strong-buy" rating to a "hold" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $20.00 to $24.50 in a report on Friday, June 20th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Couchbase has a consensus rating of "Hold" and an average price target of $23.16.

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.