Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by Ceera Investments LLC

Ceera Investments LLC increased its holdings in Couchbase, Inc. (NASDAQ:BASE) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,920 shares of the company’s stock after buying an additional 960 shares during the period. Ceera Investments LLC owned about 0.06% of Couchbase worth $513,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning boosted its stake in Couchbase by 59.0% during the 3rd quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after purchasing an additional 6,433 shares during the period. US Bancorp DE boosted its stake in Couchbase by 147.8% during the 3rd quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after purchasing an additional 11,648 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after purchasing an additional 93,301 shares during the period. Alpha DNA Investment Management LLC boosted its stake in Couchbase by 20.4% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company’s stock valued at $440,000 after purchasing an additional 4,629 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Couchbase during the 3rd quarter valued at about $772,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Price Performance

BASE stock opened at $16.80 on Friday. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $29.00. The company’s 50 day simple moving average is $17.22 and its 200-day simple moving average is $17.00. The firm has a market capitalization of $879.45 million, a P/E ratio of -10.50 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Sell-side analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Truist Financial initiated coverage on shares of Couchbase in a research note on Thursday, December 12th. They issued a “buy” rating and a $21.00 price target for the company. Morgan Stanley reduced their price target on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Piper Sandler upped their price target on shares of Couchbase from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Guggenheim reduced their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.19.

Insiders Place Their Bets

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 3,853 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the sale, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,883 shares of company stock valued at $950,915 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

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.