Barclays PLC Raises Stake in Couchbase, Inc. (NASDAQ:BASE)

Barclays PLC boosted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 242.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 75,602 shares of the company’s stock after purchasing an additional 53,555 shares during the quarter. Barclays PLC’s holdings in Couchbase were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BASE. XTX Topco Ltd boosted its stake in shares of Couchbase by 60.0% in the third quarter. XTX Topco Ltd now owns 26,405 shares of the company’s stock worth $426,000 after buying an additional 9,897 shares during the last quarter. Washington Harbour Partners LP grew its stake in shares of Couchbase by 39.6% during the 3rd quarter. Washington Harbour Partners LP now owns 93,400 shares of the company’s stock worth $1,506,000 after purchasing an additional 26,500 shares during the period. State Street Corp boosted its holdings in Couchbase by 4.1% during the third quarter. State Street Corp now owns 850,515 shares of the company’s stock worth $13,710,000 after buying an additional 33,294 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Couchbase by 121.8% in the third quarter. Point72 Asset Management L.P. now owns 28,839 shares of the company’s stock worth $465,000 after acquiring an additional 15,839 shares during the period. Finally, Portolan Capital Management LLC raised its position in shares of Couchbase by 77.8% in the third quarter. Portolan Capital Management LLC now owns 874,795 shares of the company’s stock worth $14,102,000 after acquiring an additional 382,851 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Stock Down 2.2 %

Shares of Couchbase stock opened at $15.24 on Monday. The business’s fifty day simple moving average is $17.52 and its 200-day simple moving average is $17.27. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The firm has a market cap of $797.78 million, a PE ratio of -9.53 and a beta of 0.71.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BASE. Guggenheim reaffirmed a “buy” rating and issued a $30.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird reduced 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. Oppenheimer decreased their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, Morgan Stanley reduced their target price on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. One research 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, Couchbase has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Insider Activity

In other news, SVP Huw Owen sold 7,575 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total value of $115,291.50. Following the completion of the transaction, the senior vice president now owns 341,709 shares of the company’s stock, valued at approximately $5,200,810.98. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,140 shares of company stock valued at $219,004. Company insiders own 16.10% of the company’s stock.

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.