Couchbase, Inc. (NASDAQ:BASE) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 169.8% in the third quarter, Holdings Channel reports. The fund owned 192,216 shares of the company’s stock after purchasing an additional 120,975 shares during the period. JPMorgan Chase & Co.’s holdings in Couchbase were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Portolan Capital Management LLC lifted its holdings in shares of Couchbase by 77.8% during 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 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 during 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 acquired a new stake in shares of Couchbase in the 3rd quarter worth $3,720,000. Finally, EVR Research LP boosted its holdings in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after acquiring an additional 179,585 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Price Performance

Shares of NASDAQ BASE opened at $16.45 on Monday. The firm’s 50-day moving average is $17.27 and its two-hundred day moving average is $17.09. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The company has a market capitalization of $861.16 million, a PE ratio of -10.28 and a beta of 0.79.

Analysts Set New Price Targets

BASE has been the subject of a number of recent analyst reports. Wedbush began coverage on shares of Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $30.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Couchbase from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Finally, Barclays upped their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One investment 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.13.

Insider Activity at Couchbase

In other news, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Huw Owen sold 2,993 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the transaction, the senior vice president now directly owns 325,993 shares in the company, valued at $5,222,407.86. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,233 shares of company stock valued at $252,552. 16.10% of the stock is 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.