Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,546 shares of the company’s stock after purchasing an additional 1,472 shares during the quarter. SG Americas Securities LLC’s holdings in Couchbase were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Portolan Capital Management LLC lifted its holdings in Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after purchasing an additional 382,851 shares during the period. Wasatch Advisors LP raised its position in shares of Couchbase by 56.4% during the 3rd quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after buying an additional 357,169 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Couchbase by 27.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares during the period. 272 Capital LP bought a new position in shares of Couchbase in the third quarter valued at approximately $3,720,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Couchbase by 169.8% in the third 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. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BASE has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wedbush began coverage on shares of Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Couchbase has an average rating of “Moderate Buy” and an average target price of $23.13.

Insider Activity

In other Couchbase news, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares in the company, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares of the company’s stock, valued at $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,883 shares of company stock worth $950,915 in the last quarter. Corporate insiders own 16.10% of the company’s stock.

Couchbase Trading Down 0.7 %

Shares of Couchbase stock opened at $18.36 on Friday. The stock’s fifty day simple moving average is $16.56 and its 200 day simple moving average is $17.06. The company has a market capitalization of $961.15 million, a PE ratio of -11.48 and a beta of 0.81. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter last year, the business earned ($0.34) EPS. Analysts predict that Couchbase, Inc. will post -1.48 EPS 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.