Mackenzie Financial Corp Takes Position in Couchbase, Inc. (NASDAQ:BASE)

Mackenzie Financial Corp acquired a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,504 shares of the company's stock, valued at approximately $382,000.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Couchbase during the fourth quarter valued at $35,000. Summit Investment Advisors Inc. boosted its holdings in Couchbase by 24.1% in the fourth 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 during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Couchbase by 22.2% in the fourth 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 during the last quarter. KLP Kapitalforvaltning AS bought a new position in Couchbase in the fourth quarter valued at about $112,000. Finally, Dark Forest Capital Management LP bought a new position in Couchbase in the fourth quarter valued at about $165,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on BASE shares. UBS Group raised their price target on Couchbase from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday. The Goldman Sachs Group cut their price target on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Guggenheim decreased their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday. Finally, Barclays cut their target price on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Couchbase presently has a consensus rating of "Moderate Buy" and an average target price of $21.65.

Couchbase Trading Down 1.2%

Shares of BASE traded down $0.24 during midday trading on Friday, reaching $19.22. The stock had a trading volume of 678,306 shares, compared to its average volume of 589,252. The firm has a market cap of $1.04 billion, a PE ratio of -12.01 and a beta of 0.82. The firm has a 50 day simple moving average of $16.95 and a 200-day simple moving average of $16.86. Couchbase, Inc. has a one year low of $12.78 and a one year high of $21.54.

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

Insider Transactions at Couchbase

In related news, 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 completion of the transaction, the senior vice president now owns 427,699 shares of the company's stock, valued at $6,599,395.57. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William Robert Carey sold 2,300 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $19.50, for a total transaction of $44,850.00. Following the sale, the chief financial officer now directly owns 94,780 shares of the company's stock, valued at $1,848,210. This represents a 2.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,138 shares of company stock valued at $306,865. 14.80% of the stock is currently owned by corporate insiders.

About Couchbase

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.