Nuveen LLC Acquires New Shares in Couchbase, Inc. $BASE

Key Points

• Nuveen LLC has acquired a new position in Couchbase, Inc. during the 1st quarter, purchasing 91,388 shares valued at approximately $1.44 million, representing 0.17% ownership.
• Several other institutional investors have also increased their stakes, with notable increases including CWM LLC's 272.9% boost, while 96.07% of Couchbase's shares are held by hedge funds and institutional investors.
• Insider trading activity has been reported, including significant share sales by Director Lynn M. Christensen and CEO Matthew M. Cain, indicating a 39.82% decrease and 1.43% decrease in their ownership, respectively.

Nuveen LLC acquired a new stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 91,388 shares of the company's stock, valued at approximately $1,439,000. Nuveen LLC owned 0.17% of Couchbase as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Couchbase by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company's stock valued at $2,134,000 after buying an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Couchbase by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,361 shares of the company's stock valued at $349,000 after acquiring an additional 1,076 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Couchbase by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock valued at $377,000 after buying an additional 1,342 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Couchbase by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 20,856 shares of the company's stock valued at $322,000 after buying an additional 1,916 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings 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 last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 15,873 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $24.28, for a total value of $385,396.44. Following the transaction, the senior vice president directly owned 377,820 shares of the company's stock, valued at $9,173,469.60. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lynn M. Christensen sold 7,933 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $20.01, for a total transaction of $158,739.33. Following the completion of the transaction, the director directly owned 11,987 shares in the company, valued at $239,859.87. This trade represents a 39.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 166,452 shares of company stock valued at $3,978,795 in the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BASE has been the topic of several recent research reports. Baird R W lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. Needham & Company LLC lowered shares of Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price target on the stock. in a report on Friday, June 20th. Robert W. Baird reissued a "neutral" rating and set a $25.00 target price (up from $22.00) on shares of Couchbase in a research note on Monday, June 23rd. Rosenblatt Securities lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $22.00 to $24.50 in a research note on Friday, June 20th. Finally, Truist Financial reissued a "hold" rating and set a $24.50 target price (up from $21.00) on shares of Couchbase in a research note on Monday, June 23rd. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $23.16.

Couchbase Price Performance

Couchbase stock traded up $0.02 during midday trading on Thursday, reaching $24.44. The company had a trading volume of 399,878 shares, compared to its average volume of 860,192. The company has a market capitalization of $1.35 billion, a P/E ratio of -17.83 and a beta of 0.93. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $25.16. The firm's fifty day simple moving average is $24.34 and its 200-day simple moving average is $19.63.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.04. The firm had revenue of $57.57 million for the quarter, compared to analyst estimates of $55.15 million. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. Couchbase's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted ($0.06) EPS. On average, analysts expect that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.