Deutsche Bank AG raised its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,383 shares of the company's stock after acquiring an additional 36,960 shares during the quarter. Deutsche Bank AG owned approximately 0.75% of Couchbase worth $6,086,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in Couchbase during the 4th quarter valued at $35,000. Summit Investment Advisors Inc. boosted its position in Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after acquiring an additional 807 shares in the last quarter. Daiwa Securities Group Inc. boosted its position 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. KLP Kapitalforvaltning AS bought a new stake in Couchbase during the 4th quarter valued at $112,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Couchbase in the 4th quarter worth $165,000. Institutional investors own 96.07% of the company's stock.
Couchbase Price Performance
BASE traded down $0.24 during trading on Friday, reaching $18.32. 405,217 shares of the company's stock were exchanged, compared to its average volume of 591,681. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $27.07. The stock has a market capitalization of $988.93 million, a P/E ratio of -11.45 and a beta of 0.83. The company's fifty day simple moving average is $16.20 and its 200-day simple moving average is $16.89.
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). The business had revenue of $54.92 million for the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. Equities analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.
Insider Buying and Selling at Couchbase
In related news, SVP Huw Owen sold 15,938 shares of Couchbase 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 completion of the transaction, the senior vice president now owns 427,699 shares in the company, valued at $6,599,395.57. The trade was a 3.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.80% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered 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 assumed coverage on Couchbase in a research report on Wednesday, April 9th. They issued a "buy" rating and a $20.00 price objective for the company. Barclays lowered their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Finally, UBS Group lowered their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.41.
Check Out Our Latest Stock Report on Couchbase
Couchbase Profile
(
Free Report)
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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