US Bancorp DE Grows Stock Position in Couchbase, Inc. (NASDAQ:BASE)

US Bancorp DE grew its position in Couchbase, Inc. (NASDAQ:BASE) by 147.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,528 shares of the company’s stock after acquiring an additional 11,648 shares during the quarter. US Bancorp DE’s holdings in Couchbase were worth $315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Couchbase in the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new position in Couchbase during the second quarter worth approximately $67,000. Harbor Capital Advisors Inc. lifted its position in Couchbase by 23.0% during the second 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 in the last quarter. ProShare Advisors LLC purchased a new position in Couchbase during the first quarter worth approximately $230,000. Finally, Arizona State Retirement System lifted its position in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after buying an additional 2,445 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler Companies assumed coverage on Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective on the stock. UBS Group reduced their price objective on Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company cut their target price on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Couchbase in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Trading Up 5.5 %

Shares of NASDAQ BASE opened at $19.57 on Wednesday. The stock has a 50 day simple moving average of $15.89 and a 200-day simple moving average of $18.83. The company has a market cap of $1.00 billion, a PE ratio of -12.31 and a beta of 0.59. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00.

Couchbase (NASDAQ:BASE) last released its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.44) earnings per share. Sell-side analysts forecast that Couchbase, Inc. will post -1.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Couchbase

In other news, Director Edward T. Anderson bought 21,080 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $14.16 per share, with a total value of $298,492.80. Following the purchase, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Couchbase news, SVP Huw Owen sold 6,736 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the sale, the senior vice president now directly owns 373,647 shares in the company, valued at $5,630,860.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward T. Anderson acquired 21,080 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of $14.16 per share, with a total value of $298,492.80. Following the transaction, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 11,448 shares of company stock valued at $180,742 in the last three months. 16.10% of the stock is currently owned by company 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.