Herald Investment Management Ltd Has $3.15 Million Holdings in Couchbase, Inc. (NASDAQ:BASE)

Key Points

• Herald Investment Management Ltd increased its stake in Couchbase, Inc. by 11.1%, acquiring an additional 20,000 shares, bringing its total holdings to 200,000 shares worth approximately $3.15 million.
• Several hedge funds, including Vanguard Group Inc. and Wells Fargo & Company, have also expanded or established positions in Couchbase during the recent quarters, indicating strong institutional interest.
• Couchbase's stock has faced mixed ratings, with analysts recently downgrading its status, resulting in a consensus rating of "Hold" and an average target price of $23.09.

Herald Investment Management Ltd increased its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the company's stock after acquiring an additional 20,000 shares during the period. Herald Investment Management Ltd owned approximately 0.37% of Couchbase worth $3,150,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Couchbase during the fourth quarter worth $35,000. Summit Investment Advisors Inc. boosted its stake 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 worth $65,000 after buying an additional 807 shares during the period. CWM LLC boosted its stake in shares of Couchbase by 272.9% during the first quarter. CWM LLC now owns 4,191 shares of the company's stock worth $66,000 after buying an additional 3,067 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Couchbase during the fourth quarter worth about $112,000. Finally, Harbor Capital Advisors Inc. lifted its position in Couchbase by 33.3% in the first quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock valued at $141,000 after purchasing an additional 2,240 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Couchbase Trading Down 0.1%

NASDAQ:BASE traded down $0.02 during midday trading on Friday, hitting $24.30. 363,657 shares of the company traded hands, compared to its average volume of 538,025. The firm's fifty day moving average is $22.88 and its 200-day moving average is $18.86. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $25.16. The firm has a market capitalization of $1.31 billion, a P/E ratio of -17.74 and a beta of 0.93.

Couchbase (NASDAQ:BASE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The company had revenue of $56.52 million for the quarter, compared to the consensus estimate of $55.59 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. Couchbase's revenue was up 10.1% compared to the same quarter last year. On average, research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Insider Transactions at Couchbase

In related news, CEO Matthew M. Cain sold 63,600 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $24.25, for a total value of $1,542,300.00. Following the completion of the transaction, the chief executive officer owned 888,747 shares of the company's stock, valued at approximately $21,552,114.75. This represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lynn M. Christensen sold 7,933 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total value of $158,739.33. Following the sale, the director owned 11,987 shares in the company, valued at $239,859.87. The trade was a 39.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,084 shares of company stock valued at $3,172,904. Insiders own 14.80% of the company's stock.

Analyst Ratings Changes

BASE has been the topic of several recent research reports. DA Davidson lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $25.00 to $24.50 in a research report on Friday, June 20th. Wells Fargo & Company cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. Stifel Nicolaus set a $24.50 price objective on shares of Couchbase and gave the company a "hold" rating in a research note on Tuesday, June 24th. UBS Group boosted their price objective on shares of Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Barclays lifted their target price on shares of Couchbase from $22.00 to $24.50 and gave the company an "overweight" rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Couchbase presently has an average rating of "Hold" and a consensus target price of $23.09.

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.