Couchbase, Inc. (NASDAQ:BASE) Position Increased by Hood River Capital Management LLC

Hood River Capital Management LLC raised its stake in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,738,468 shares of the company's stock after acquiring an additional 756,394 shares during the period. Hood River Capital Management LLC owned 5.23% of Couchbase worth $42,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP grew its stake in Couchbase by 72.0% during the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after buying an additional 712,936 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. 272 Capital LP purchased a new stake in Couchbase in the 3rd quarter valued at $3,720,000. Vanguard Group Inc. boosted its stake in Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock worth $79,916,000 after purchasing an additional 164,563 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company's stock worth $3,099,000 after purchasing an additional 120,975 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Activity

In other news, SVP Huw Owen sold 15,938 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the sale, the chief financial officer now directly owns 304,555 shares in the company, valued at $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,658 shares of company stock worth $709,172. 16.10% of the stock is currently owned by company insiders.

Couchbase Trading Down 1.2 %

BASE traded down $0.21 during trading on Monday, hitting $16.87. 138,333 shares of the company's stock were exchanged, compared to its average volume of 576,244. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $28.67. The stock has a 50 day moving average price of $15.53 and a 200 day moving average price of $16.69. The firm has a market cap of $910.39 million, a P/E ratio of -10.54 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) 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 company had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BASE has been the subject of several recent research reports. Rosenblatt Securities started coverage on Couchbase in a report on Wednesday, April 9th. They set a "buy" rating and a $20.00 price target for the company. UBS Group dropped their price objective on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Piper Sandler cut their target price on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group dropped their price objective on Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their target price on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Couchbase currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.41.

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.