Olympiad Research LP Buys Shares of 15,895 Couchbase, Inc. (NASDAQ:BASE)

Olympiad Research LP purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 15,895 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its holdings in Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after purchasing an additional 956 shares during the period. SG Americas Securities LLC increased its position in Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after buying an additional 1,472 shares in the last quarter. Creative Planning raised its stake in shares of Couchbase by 59.0% in the third quarter. Creative Planning now owns 17,335 shares of the company’s stock worth $279,000 after buying an additional 6,433 shares during the period. US Bancorp DE lifted its position in shares of 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 buying an additional 11,648 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Couchbase during the 3rd quarter valued at approximately $355,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BASE. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Morgan Stanley lowered their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Barclays raised their price target on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Stock Performance

NASDAQ BASE opened at $17.90 on Monday. The stock has a 50 day moving average price of $16.87 and a 200-day moving average price of $17.04. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The company has a market capitalization of $937.07 million, a P/E ratio of -11.19 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.27). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. During the same quarter in the prior year, the business posted ($0.34) EPS. As a group, equities analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction 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 sale, the chief financial officer now owns 336,679 shares in the company, valued at approximately $5,097,320.06. This represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,883 shares of company stock worth $950,915. Corporate insiders own 16.10% of the company’s stock.

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.