Couchbase, Inc. (NASDAQ:BASE) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Couchbase, Inc. (NASDAQ:BASE) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,799 shares of the company’s stock after acquiring an additional 10,333 shares during the quarter. Bank of New York Mellon Corp’s holdings in Couchbase were worth $2,102,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock worth $1,218,000 after purchasing an additional 53,555 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after acquiring an additional 93,301 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Couchbase by 169.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after acquiring an additional 120,975 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Couchbase during the 3rd quarter valued at $772,000. Finally, 272 Capital LP bought a new stake in Couchbase during the 3rd quarter valued at $3,720,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 7,575 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the sale, the senior vice president now directly owns 341,709 shares in the company, valued at $5,200,810.98. This trade represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the sale, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,030 shares of company stock valued at $892,581. Corporate insiders own 16.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BASE shares. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Wells Fargo & Company cut their target price on Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Guggenheim cut their target price on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price objective on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Couchbase presently has an average rating of “Moderate Buy” and a consensus price target of $22.19.

Couchbase Stock Performance

Couchbase stock opened at $14.47 on Friday. The stock has a market cap of $757.48 million, a P/E ratio of -9.04 and a beta of 0.81. Couchbase, Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $28.67. The firm’s fifty day moving average price is $16.89 and its 200-day moving average price is $16.69.

Couchbase (NASDAQ:BASE) last announced its 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 return on equity of 57.22% and a negative net margin of 39.31%. The company had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $53.25 million. Sell-side analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Couchbase 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.