Couchbase, Inc. (NASDAQ:BASE) Shares Bought by Hood River Capital Management LLC

Hood River Capital Management LLC grew its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,629,893 shares of the company’s stock after purchasing an additional 118,372 shares during the period. Hood River Capital Management LLC’s holdings in Couchbase were worth $29,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after buying an additional 227,828 shares in the last quarter. Pembroke Management LTD lifted its position in shares of Couchbase by 18.1% during the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after acquiring an additional 123,927 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of Couchbase during the 1st quarter worth approximately $9,059,000. Acadian Asset Management LLC grew its holdings in shares of Couchbase by 17.6% in the 2nd quarter. Acadian Asset Management LLC now owns 309,737 shares of the company’s stock worth $5,653,000 after acquiring an additional 46,298 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Couchbase by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock valued at $5,641,000 after purchasing an additional 19,256 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on BASE. Stifel Nicolaus decreased 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. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Thursday, September 5th. Robert W. Baird cut their target price on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Barclays lowered their price target on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, UBS Group cut their price objective on Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Couchbase presently has an average rating of “Moderate Buy” and a consensus target price of $22.93.

Insider Buying and Selling

In other Couchbase news, SVP Margaret Chow sold 2,290 shares of Couchbase stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.00, for a total value of $45,800.00. Following the transaction, the senior vice president now owns 192,458 shares in the company, valued at approximately $3,849,160. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Couchbase news, CEO Matthew M. Cain sold 8,953 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the sale, the chief executive officer now directly owns 776,437 shares in the company, valued at $15,536,504.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Margaret Chow sold 2,290 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $20.00, for a total value of $45,800.00. Following the completion of the transaction, the senior vice president now owns 192,458 shares in the company, valued at $3,849,160. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,220 shares of company stock valued at $422,094. Insiders own 16.10% of the company’s stock.

Couchbase Stock Down 3.1 %

Shares of NASDAQ:BASE opened at $13.67 on Monday. The company has a market cap of $687.74 million, a P/E ratio of -8.34 and a beta of 0.61. The business has a fifty day simple moving average of $17.57 and a 200-day simple moving average of $21.32. Couchbase, Inc. has a 52 week low of $13.60 and a 52 week high of $32.00.

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