Voloridge Investment Management LLC cut its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 46.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,921 shares of the company's stock after selling 47,630 shares during the quarter. Voloridge Investment Management LLC owned 0.10% of Couchbase worth $856,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in shares of Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. Rhumbline Advisers lifted its stake in Couchbase by 26.2% during the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company's stock valued at $1,001,000 after acquiring an additional 13,345 shares during the period. Pembroke Management LTD lifted its stake in Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock valued at $14,013,000 after acquiring an additional 98,061 shares during the period. Maytree Asset Management Ltd purchased a new stake in shares of Couchbase during the 4th quarter valued at about $376,000. Finally, Olympiad Research LP bought a new stake in shares of Couchbase in the fourth quarter worth approximately $248,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on BASE shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday, February 26th. UBS Group cut their target price on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Guggenheim decreased their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Piper Sandler dropped their price target on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.41.
Read Our Latest Stock Analysis on BASE
Insiders Place Their Bets
In related news, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value 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 trade represents a 3.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.80% of the company's stock.
Couchbase Price Performance
Shares of BASE stock traded up $0.03 during mid-day trading on Tuesday, hitting $18.38. 131,339 shares of the stock traded hands, compared to its average volume of 732,321. The stock has a market cap of $992.17 million, a P/E ratio of -11.49 and a beta of 0.83. The stock's fifty day moving average is $16.67 and its two-hundred day moving average is $16.84. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $21.99.
Couchbase Profile
(
Free Report)
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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