Jacobs Levy Equity Management Inc. Acquires 32,078 Shares of Couchbase, Inc. (NASDAQ:BASE)

Jacobs Levy Equity Management Inc. raised its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 588,439 shares of the company's stock after buying an additional 32,078 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.12% of Couchbase worth $9,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hood River Capital Management LLC boosted its holdings in shares of Couchbase by 38.2% in the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock valued at $42,693,000 after acquiring an additional 756,394 shares in the last quarter. Wasatch Advisors LP lifted its position in Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after purchasing an additional 712,936 shares during the period. Franklin Resources Inc. boosted its stake in Couchbase by 26.8% during the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after purchasing an additional 441,770 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Couchbase by 13.9% during the 4th quarter. Voya Investment Management LLC now owns 1,604,396 shares of the company's stock valued at $25,013,000 after purchasing an additional 195,434 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after purchasing an additional 164,563 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. UBS Group cut their price target on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim cut their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Barclays reduced their target price on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.41.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the transaction, the senior vice president now owns 427,699 shares in the company, valued at $6,599,395.57. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 14.80% of the company's stock.

Couchbase Stock Performance

Shares of BASE stock traded down $0.20 on Monday, reaching $18.58. 105,807 shares of the company's stock traded hands, compared to its average volume of 590,679. The company has a market capitalization of $1.00 billion, a P/E ratio of -11.63 and a beta of 0.83. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $28.67. The business's 50 day moving average price is $15.74 and its two-hundred day moving average price is $16.83.

Couchbase (NASDAQ:BASE - Get Free Report) last released 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). The business had revenue of $54.92 million for the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Research analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

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.