Couchbase, Inc. (NASDAQ:BASE) Stake Lifted by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 367,884 shares of the company's stock after acquiring an additional 36,828 shares during the period. Northern Trust Corp owned 0.70% of Couchbase worth $5,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BASE. Quarry LP acquired a new position in shares of Couchbase in the fourth quarter valued at approximately $35,000. Voya Investment Management LLC raised its holdings in Couchbase by 13.9% during the fourth quarter. Voya Investment Management LLC now owns 1,604,396 shares of the company's stock worth $25,013,000 after purchasing an additional 195,434 shares in the last quarter. Hood River Capital Management LLC lifted its position in Couchbase by 38.2% in the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock valued at $42,693,000 after purchasing an additional 756,394 shares during the period. Price T Rowe Associates Inc. MD increased its position in Couchbase by 25.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,954 shares of the company's stock worth $249,000 after purchasing an additional 3,223 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Couchbase during the 4th quarter worth approximately $165,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Buying and Selling

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 14.80% of the company's stock.

Couchbase Stock Down 1.3%

Shares of BASE stock traded down $0.24 during mid-day trading on Monday, hitting $18.32. 405,217 shares of the company's stock were exchanged, compared to its average volume of 593,131. The stock has a market cap of $988.93 million, a price-to-earnings ratio of -11.45 and a beta of 0.83. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $26.67. The stock has a 50-day simple moving average of $16.30 and a two-hundred day simple moving average of $16.88.

Couchbase (NASDAQ:BASE - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, analysts anticipate that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BASE has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Guggenheim lowered their target price on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Couchbase presently has an average rating of "Moderate Buy" and an average price target of $21.41.

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.