State Street Corp Increases Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

State Street Corp grew its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 850,515 shares of the company’s stock after purchasing an additional 33,294 shares during the quarter. State Street Corp’s holdings in Couchbase were worth $13,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its holdings in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after buying an additional 700 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock worth $379,000 after purchasing an additional 1,865 shares in the last quarter. Arizona State Retirement System raised its holdings in Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after purchasing an additional 2,445 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Couchbase during the second quarter valued at $47,000. Institutional investors own 96.07% of the company’s stock.

Insider Activity

In related news, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 9,448 shares of company stock valued at $146,890. 16.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on BASE. Barclays raised their target price 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. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday, December 4th. Truist Financial initiated coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. One 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Trading Up 1.5 %

BASE stock opened at $15.50 on Thursday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The stock has a market cap of $811.39 million, a PE ratio of -9.69 and a beta of 0.71. The company has a 50-day moving average price of $17.59 and a 200 day moving average price of $17.31.

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.