Intech Investment Management LLC Makes New Investment in Couchbase, Inc. (NASDAQ:BASE)

Intech Investment Management LLC acquired a new stake in Couchbase, Inc. (NASDAQ:BASE) in the fourth quarter, Holdings Channel.com reports. The fund acquired 15,956 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BASE. Barclays PLC boosted its holdings in Couchbase by 242.9% during the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after acquiring an additional 53,555 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Couchbase by 33.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after purchasing an additional 93,301 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Couchbase by 169.8% in the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after purchasing an additional 120,975 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Couchbase during the 3rd quarter worth approximately $772,000. Finally, 272 Capital LP acquired a new stake in Couchbase during the 3rd quarter worth approximately $3,720,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In other news, SVP Margaret Chow sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Huw Owen sold 2,993 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the transaction, the senior vice president now owns 325,993 shares in the company, valued at $5,222,407.86. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,455 shares of company stock valued at $777,289 in the last ninety days. 16.10% of the stock is currently owned by company insiders.

Couchbase Stock Performance

Shares of BASE stock opened at $14.50 on Thursday. Couchbase, Inc. has a 1 year low of $12.92 and a 1 year high of $28.67. The firm has a market cap of $759.05 million, a price-to-earnings ratio of -9.06 and a beta of 0.81. The stock’s 50-day moving average is $16.80 and its two-hundred day moving average is $16.62.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $54.92 million for the quarter, compared to analysts’ expectations of $53.25 million. As a group, research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BASE. Barclays cut their price objective on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. UBS Group lowered their price objective on Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price target on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.19.

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.