Couchbase, Inc. (NASDAQ:BASE) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,884 shares of the company's stock after purchasing an additional 36,828 shares during the period. Northern Trust Corp owned approximately 0.70% of Couchbase worth $5,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in Couchbase during the 4th quarter worth approximately $35,000. Voya Investment Management LLC lifted its position in Couchbase by 13.9% during the 4th quarter. Voya Investment Management LLC now owns 1,604,396 shares of the company's stock worth $25,013,000 after acquiring an additional 195,434 shares in the last quarter. Hood River Capital Management LLC lifted its position in Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after acquiring an additional 756,394 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 3,223 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Couchbase during the 4th quarter worth approximately $165,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 14.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BASE. Guggenheim reduced their price target on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $22.00 price objective 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 on the stock in a report on Wednesday, February 26th. UBS Group dropped their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Rosenblatt Securities started coverage on Couchbase in a report on Wednesday, April 9th. They set a "buy" rating and a $20.00 price objective on the stock. One equities research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.41.

Couchbase Stock Performance

Shares of NASDAQ BASE traded down $0.24 during trading on Friday, reaching $18.32. The stock had a trading volume of 405,217 shares, compared to its average volume of 591,681. Couchbase, Inc. has a one year low of $12.78 and a one year high of $27.07. The stock has a market cap of $988.93 million, a PE ratio of -11.45 and a beta of 0.83. The firm's 50 day moving average price is $16.20 and its two-hundred day moving average price is $16.89.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. On average, research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

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.