Couchbase, Inc. (NASDAQ:BASE) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lessened its holdings in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 535,406 shares of the company's stock after selling 44,504 shares during the period. Frontier Capital Management Co. LLC owned approximately 1.02% of Couchbase worth $8,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of BASE. Barclays PLC raised its stake in shares of Couchbase by 242.9% during the 3rd quarter. Barclays PLC now owns 75,602 shares of the company's stock worth $1,218,000 after buying an additional 53,555 shares during the period. Franklin Resources Inc. raised its position in shares of Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock valued at $27,379,000 after buying an additional 353,233 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Couchbase by 169.8% in the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company's stock worth $3,099,000 after buying an additional 120,975 shares in the last quarter. SG Americas Securities LLC boosted its position in Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Rhumbline Advisers grew 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 in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Rosenblatt Securities began coverage on Couchbase in a report on Wednesday, April 9th. They issued a "buy" rating and a $20.00 target price for the company. Guggenheim lowered their price target on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler cut their price target on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays decreased their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Couchbase has an average rating of "Moderate Buy" and a consensus price target of $21.41.

Insider Activity at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction dated 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 directly owns 427,699 shares of the company's stock, valued at approximately $6,599,395.57. This represents a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.80% of the stock is currently owned by corporate insiders.

Couchbase Stock Performance

Shares of NASDAQ:BASE traded down $0.31 during trading on Thursday, hitting $18.13. The company's stock had a trading volume of 263,751 shares, compared to its average volume of 761,228. The company has a market capitalization of $978.84 million, a PE ratio of -11.33 and a beta of 0.83. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $28.67. The business has a 50 day moving average price of $15.60 and a two-hundred day moving average price of $16.79.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $53.25 million. As a group, equities analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal 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.