Cwm LLC Boosts Stake in Couchbase, Inc. (NASDAQ:BASE)

Cwm LLC grew its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 272.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,191 shares of the company’s stock after purchasing an additional 3,067 shares during the period. Cwm LLC’s holdings in Couchbase were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BASE. Envestnet Asset Management Inc. purchased a new position in shares of Couchbase during the 1st quarter valued at about $959,000. Bank of New York Mellon Corp grew its position in Couchbase by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company’s stock valued at $2,134,000 after acquiring an additional 696 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Couchbase by 33.3% during the first quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company’s stock worth $141,000 after acquiring an additional 2,240 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of Couchbase during the first quarter worth approximately $5,650,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Couchbase in the 4th quarter worth approximately $382,000. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BASE. Morgan Stanley lifted their target price on shares of Couchbase from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 4th. Robert W. Baird reiterated a “neutral” rating and issued a $25.00 price objective (up previously from $22.00) on shares of Couchbase in a report on Monday, June 23rd. Stifel Nicolaus set a $24.50 target price on Couchbase and gave the company a “hold” rating in a research note on Tuesday, June 24th. Barclays raised their price target on Couchbase from $22.00 to $24.50 and gave the stock an “overweight” rating in a research report on Friday, June 20th. Finally, Piper Sandler cut Couchbase from a “strong-buy” rating to a “hold” rating and lifted their price target for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Couchbase currently has an average rating of “Hold” and a consensus target price of $23.09.

Couchbase Trading Down 0.1%

NASDAQ:BASE opened at $24.24 on Friday. The company has a 50-day moving average price of $22.27 and a 200-day moving average price of $18.58. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -17.69 and a beta of 0.93. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $25.16.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The business had revenue of $56.52 million during the quarter, compared to analyst estimates of $55.59 million. Couchbase had a negative net margin of 33.23% and a negative return on equity of 55.25%. Couchbase’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. Equities analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Insider Transactions at Couchbase

In other news, Director Lynn M. Christensen sold 7,933 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $20.01, for a total transaction of $158,739.33. Following the sale, the director owned 11,987 shares in the company, valued at approximately $239,859.87. The trade was a 39.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Huw Owen sold 15,873 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $24.28, for a total transaction of $385,396.44. Following the completion of the transaction, the senior vice president owned 377,820 shares of the company’s stock, valued at approximately $9,173,469.60. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,542 shares of company stock worth $3,038,455. 14.80% of the stock is owned by company insiders.

Couchbase Company 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.