Charles Schwab Investment Management Inc. Has $6.19 Million Stake in Couchbase, Inc. (NASDAQ:BASE)

Charles Schwab Investment Management Inc. grew its holdings in Couchbase, Inc. (NASDAQ:BASE) by 7.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 396,699 shares of the company’s stock after acquiring an additional 27,509 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Couchbase were worth $6,185,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Couchbase by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 134,799 shares of the company’s stock worth $2,102,000 after purchasing an additional 10,333 shares in the last quarter. Olympiad Research LP bought a new position in Couchbase in the 4th quarter worth approximately $248,000. Maytree Asset Management Ltd acquired a new position in Couchbase during the 4th quarter worth $376,000. Pembroke Management LTD boosted its position in Couchbase by 12.2% in the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after buying an additional 98,061 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Couchbase by 26.2% in the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock valued at $1,001,000 after buying an additional 13,345 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other news, CFO Gregory N. Henry sold 9,820 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now directly owns 304,555 shares of the company’s stock, valued at $5,366,259.10. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,455 shares of company stock valued at $777,289. 16.10% of the stock is owned by corporate insiders.

Couchbase Stock Up 0.2 %

BASE opened at $14.50 on Tuesday. The stock has a market cap of $759.05 million, a P/E ratio of -9.06 and a beta of 0.81. Couchbase, Inc. has a 12 month low of $12.92 and a 12 month high of $28.67. The company has a fifty day simple moving average of $16.86 and a 200 day simple moving average of $16.65.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BASE shares. Robert W. Baird cut their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Royal Bank of Canada dropped their price objective on Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research note on Wednesday, February 26th. Truist Financial initiated coverage on shares of Couchbase in a research report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target for the company. Finally, The Goldman Sachs Group cut their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Couchbase has a consensus rating of “Moderate Buy” and an average price target of $22.19.

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.