Pembroke Management LTD Has $10.92 Million Stock Position in Couchbase, Inc. $BASE

Key Points

• Pembroke Management LTD reduced its stake in Couchbase, Inc. by 22.8% in the first quarter, holding 693,493 shares, which represents 1.6% of the fund's total holdings.
• Recent earnings results showed that Couchbase reported EPS of ($0.06), surpassing analyst expectations, with a revenue of $56.52 million, a 10.1% increase year-over-year.
• Despite being rated as a "Hold" by multiple analysts, the average price target for Couchbase shares stands at $23.16, reflecting cautious but optimistic outlooks from market experts.

Pembroke Management LTD cut its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 693,493 shares of the company's stock after selling 205,349 shares during the period. Couchbase accounts for 1.6% of Pembroke Management LTD's holdings, making the stock its 29th largest position. Pembroke Management LTD owned about 1.28% of Couchbase worth $10,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. State of Wyoming acquired a new stake in Couchbase during the first quarter worth approximately $100,000. Trexquant Investment LP acquired a new stake in Couchbase during the first quarter worth approximately $721,000. AlphaQuest LLC lifted its position in Couchbase by 20.5% during the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after acquiring an additional 617 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Couchbase during the first quarter worth approximately $558,000. Finally, Versor Investments LP acquired a new stake in Couchbase during the first quarter worth approximately $641,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BASE shares. Morgan Stanley raised their price objective on shares of Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from $20.00 to $24.50 in a research report on Friday, June 20th. Stifel Nicolaus set a $24.50 price objective on shares of Couchbase and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Truist Financial reaffirmed a "hold" rating and set a $24.50 target price (up from $21.00) on shares of Couchbase in a report on Monday, June 23rd. Finally, Piper Sandler cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and raised their target price for the stock from $20.00 to $24.50 in a report on Friday, June 20th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $23.16.

Couchbase Stock Performance

Shares of BASE opened at $24.40 on Friday. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $25.16. The firm's 50 day moving average is $24.34 and its 200-day moving average is $19.48. The stock has a market capitalization of $1.35 billion, a PE ratio of -17.81 and a beta of 0.93.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $56.52 million for the quarter, compared to analysts' expectations of $55.59 million. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned ($0.10) earnings per share. Couchbase has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lynn M. Christensen sold 7,933 shares of Couchbase stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $20.01, for a total value of $158,739.33. Following the transaction, the director directly owned 11,987 shares of the company's stock, valued at $239,859.87. This trade represents a 39.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William Robert Carey sold 2,300 shares of Couchbase stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total transaction of $44,850.00. Following the completion of the transaction, the chief financial officer directly owned 94,780 shares in the company, valued at $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,441 shares of company stock valued at $3,473,797. 14.80% of the stock is owned by insiders.

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.

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