Couchbase, Inc. (NASDAQ:BASE) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 33.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 369,190 shares of the company’s stock after buying an additional 93,301 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Couchbase were worth $5,951,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Couchbase during the second quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new position in shares of Couchbase in the 2nd quarter valued at $67,000. Harbor Capital Advisors Inc. boosted its position in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the period. Arizona State Retirement System boosted its position in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BASE. Piper Sandler reissued an “overweight” rating and issued a $21.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird cut their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus raised their price target on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Couchbase has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Insider Buying and Selling

In other Couchbase news, Director Edward T. Anderson acquired 21,080 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the transaction, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This trade represents a 32.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,548 shares of company stock worth $163,390 in the last 90 days. 16.10% of the stock is owned by company insiders.

Couchbase Trading Up 0.5 %

Shares of NASDAQ:BASE opened at $16.15 on Friday. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The firm has a market capitalization of $845.42 million, a PE ratio of -10.09 and a beta of 0.71. The business’s 50 day moving average is $17.66 and its 200-day moving average is $17.79.

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.