Deutsche Bank AG raised its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,383 shares of the company's stock after purchasing 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 quarter.
Other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Couchbase in the 4th quarter valued at approximately $35,000. Summit Investment Advisors Inc. grew its position in Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after acquiring an additional 807 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of 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 valued at $165,000. 96.07% of the stock is owned by institutional investors and hedge funds.
Couchbase Stock Performance
Shares of NASDAQ:BASE traded down $0.44 during midday trading on Wednesday, reaching $18.01. 375,744 shares of the company's stock were exchanged, compared to its average volume of 589,537. The firm has a market capitalization of $972.20 million, a PE ratio of -11.26 and a beta of 0.83. The company's 50 day simple moving average is $15.91 and its two-hundred day simple moving average is $16.85. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $28.67.
Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) 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 the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, research analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $22.00 target price on shares of Couchbase in a report on Wednesday, February 26th. Wells Fargo & Company decreased their target price on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Rosenblatt Securities started coverage on shares of Couchbase in a research note on Wednesday, April 9th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, 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 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.41.
Check Out Our Latest Research Report on BASE
Insider Buying and Selling
In other news, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now owns 427,699 shares of the company's stock, valued at approximately $6,599,395.57. This represents a 3.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.80% of the stock is owned by corporate insiders.
Couchbase Company Profile
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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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