Couchbase, Inc. (NASDAQ:BASE) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,359,891 shares of the company's stock after purchasing an additional 97,718 shares during the period. Vanguard Group Inc. owned 6.99% of Couchbase worth $57,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BASE. BlackRock Inc. raised its position in shares of Couchbase by 90.5% during the 1st quarter. BlackRock Inc. now owns 1,203,014 shares of the company's stock worth $20,956,000 after purchasing an additional 571,620 shares during the last quarter. Norges Bank acquired a new stake in Couchbase in the 4th quarter valued at about $4,515,000. First Trust Advisors LP raised its holdings in Couchbase by 25.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company's stock valued at $26,042,000 after acquiring an additional 302,069 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Couchbase by 102.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 546,648 shares of the company's stock valued at $8,648,000 after acquiring an additional 276,802 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Couchbase by 1,876.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 275,167 shares of the company's stock valued at $3,928,000 after acquiring an additional 261,243 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Stock Down 1.2 %

BASE stock traded down $0.32 during midday trading on Monday, hitting $26.59. The company's stock had a trading volume of 422,712 shares, compared to its average volume of 495,306. Couchbase, Inc. has a 52-week low of $13.62 and a 52-week high of $32.00. The firm has a market capitalization of $1.31 billion, a P/E ratio of -15.64 and a beta of 0.69. The firm has a 50-day simple moving average of $27.15 and a 200-day simple moving average of $22.14.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. The company had revenue of $50.09 million during the quarter, compared to analysts' expectations of $46.56 million. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. On average, sell-side analysts expect that Couchbase, Inc. will post -1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

BASE has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Couchbase from $26.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, March 5th. Barclays raised their price target on shares of Couchbase from $29.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 6th. The Goldman Sachs Group raised their price target on shares of Couchbase from $20.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Couchbase from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. Finally, DA Davidson raised their price target on shares of Couchbase from $27.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Couchbase has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insider Transactions at Couchbase

In related news, CFO Gregory N. Henry sold 18,747 shares of Couchbase stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.84, for a total transaction of $521,916.48. Following the sale, the chief financial officer now directly owns 330,652 shares in the company, valued at approximately $9,205,351.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Gregory N. Henry sold 18,747 shares of Couchbase stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.84, for a total transaction of $521,916.48. Following the sale, the chief financial officer now directly owns 330,652 shares in the company, valued at approximately $9,205,351.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Huw Owen sold 1,376 shares of Couchbase stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $25.00, for a total transaction of $34,400.00. Following the sale, the senior vice president now owns 384,571 shares in the company, valued at $9,614,275. The disclosure for this sale can be found here. In the last three months, insiders sold 55,051 shares of company stock valued at $1,531,812. Insiders own 22.50% of the company's stock.

Couchbase Profile

Couchbase, Inc provides a database 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 helps in 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.