The Manufacturers Life Insurance Company Has $236,000 Position in Couchbase, Inc. (NASDAQ:BASE)

The Manufacturers Life Insurance Company lessened its holdings in Couchbase, Inc. (NASDAQ:BASE) by 29.6% in the third quarter, Holdings Channel reports. The institutional investor owned 14,628 shares of the company’s stock after selling 6,142 shares during the period. The Manufacturers Life Insurance Company’s holdings in Couchbase were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EVR Research LP increased its stake in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares during the period. Pembroke Management LTD increased its position in Couchbase by 18.1% during the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after purchasing an additional 123,927 shares during the period. Hood River Capital Management LLC raised its holdings in Couchbase by 7.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock worth $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock worth $5,951,000 after purchasing an additional 93,301 shares during the period. Finally, Horrell Capital Management Inc. boosted its stake in shares of Couchbase by 64.3% in the 3rd quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after purchasing an additional 90,000 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their target price on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Barclays boosted their price target on Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $21.00 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Couchbase Price Performance

NASDAQ:BASE opened at $15.54 on Tuesday. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The company has a market cap of $813.49 million, a PE ratio of -9.71 and a beta of 0.71. The firm has a 50-day moving average of $17.68 and a 200-day moving average of $17.54.

Insiders Place Their Bets

In other news, SVP Huw Owen sold 6,736 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the sale, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward T. Anderson purchased 21,080 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the transaction, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 10,548 shares of company stock valued at $163,390. Corporate insiders own 16.10% of the company’s stock.

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.