Rhumbline Advisers Boosts Stake in Couchbase, Inc. (NASDAQ:BASE)

Rhumbline Advisers raised its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,544 shares of the company’s stock after buying an additional 6,707 shares during the quarter. Rhumbline Advisers owned about 0.11% of Couchbase worth $978,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Couchbase in the first quarter valued at $26,000. StepStone Group LP purchased a new position in shares of Couchbase in the 4th quarter worth $133,000. Harbor Capital Advisors Inc. increased its holdings in shares of Couchbase by 23.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after buying an additional 1,125 shares during the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of Couchbase during the 1st quarter valued at about $225,000. Finally, ProShare Advisors LLC bought a new position in shares of Couchbase in the 1st quarter valued at about $230,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

BASE has been the topic of several analyst reports. DA Davidson reduced their price objective on Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Stifel Nicolaus cut their target price on Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley decreased their price target on Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Barclays dropped their price objective on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Oppenheimer reduced their target price on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Couchbase currently has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Couchbase Price Performance

Couchbase stock opened at $13.67 on Monday. The stock has a market cap of $687.74 million, a price-to-earnings ratio of -8.34 and a beta of 0.61. The firm has a 50-day moving average of $17.57 and a two-hundred day moving average of $21.37. Couchbase, Inc. has a 1 year low of $13.60 and a 1 year high of $32.00.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. Couchbase’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) earnings per share. Research analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Insider Transactions at Couchbase

In related news, Director Jeff Epstein sold 7,277 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $20.10, for a total value of $146,267.70. Following the completion of the sale, the director now directly owns 28,027 shares of the company’s stock, valued at $563,342.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeff Epstein sold 7,277 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $20.10, for a total value of $146,267.70. Following the completion of the transaction, the director now owns 28,027 shares of the company’s stock, valued at $563,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total value of $179,149.53. Following the sale, the chief executive officer now directly owns 776,437 shares in the company, valued at approximately $15,536,504.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,220 shares of company stock valued at $422,094. 16.10% of the stock is currently owned by corporate insiders.

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.