Russell Investments Group Ltd. Has $532,000 Position in Couchbase, Inc. $BASE

Key Points

• Russell Investments Group Ltd. has reduced its stake in Couchbase, Inc. by 63.9%, owning now approximately 0.06% of the company, worth $532,000.
• Several institutional investors have increased their positions in Couchbase, with Jacobs Levy Equity Management adding 5.8%, Deutsche Bank AG increasing by 26.4%, and Circumference Group LLC boosting their stake by 34.8%.
• Couchbase reported a quarterly revenue of $56.52 million, exceeding analysts' expectations and reflected a 10.1% year-over-year increase, with the stock saving a price target consensus of $23.16.

Russell Investments Group Ltd. decreased its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 63.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,804 shares of the company's stock after selling 59,918 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Couchbase worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MetLife Investment Management LLC boosted its stake in Couchbase by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock worth $377,000 after acquiring an additional 1,342 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Couchbase by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company's stock worth $2,134,000 after acquiring an additional 696 shares during the last quarter. Congress Asset Management Co. bought a new position in Couchbase in the first quarter valued at approximately $5,650,000. Harbor Capital Advisors Inc. lifted its stake 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 buying an additional 2,240 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Couchbase by 11.1% in the fourth quarter. Northern Trust Corp now owns 367,884 shares of the company's stock valued at $5,735,000 after buying an additional 36,828 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Couchbase Stock Up 0.1%

Shares of BASE stock traded up $0.02 during trading on Thursday, reaching $24.44. The company's stock had a trading volume of 408,043 shares, compared to its average volume of 860,227. The business has a fifty day moving average price of $24.34 and a 200-day moving average price of $19.63. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -17.84 and a beta of 0.93. Couchbase, Inc. has a one year low of $12.78 and a one year high of $25.16.

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

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 15,873 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $24.28, for a total transaction of $385,396.44. Following the sale, the senior vice president directly owned 377,820 shares of the company's stock, valued at approximately $9,173,469.60. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO William Robert Carey sold 1,321 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $25.00, for a total transaction of $33,025.00. Following the sale, the chief financial officer directly owned 92,443 shares in the company, valued at $2,311,075. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 166,452 shares of company stock valued at $3,978,795. 16.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BASE has been the topic of a number of research reports. 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 research note on Friday, June 20th. Royal Bank Of Canada lowered shares of Couchbase from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 20th. Stifel Nicolaus set a $24.50 price target on shares of Couchbase and gave the company a "hold" rating in a research note on Tuesday, June 24th. Baird R W lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Finally, Morgan Stanley lifted their price target on shares of Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $23.16.

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.