1 day Ago By ABMN Staff
Federated Hermes Inc. reduced its stake in shares of Couchbase, Inc. ( NASDAQ:BASE – Free Report ) by 2.
1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,550 shares of the company’s stock after selling 8,566 shares during the quarter. Federated Hermes Inc.
owned approximately 0.78% of Couchbase worth $7,186,000 at the end of the most recent reporting period. Other hedge funds have also added to or reduced their stakes in the company.
NBC Securities Inc. purchased a new position in Couchbase during the 1st quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in Couchbase during the 2nd quarter valued at $47,000.
StepStone Group LP purchased a new position in Couchbase during the 4th quarter valued at $133,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Couchbase by 23.
0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after buying an additional 1,125 shares in the last quarter.
Finally, Greenwood Capital Associates LLC bought a new stake in shares of Couchbase during the 1st quarter valued at $225,000. 96.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes BASE has been the topic of a number of research reports. The Goldman Sachs Group cut shares of Couchbase from a “neutral” rating to a “sell” rating and dropped their target price for the company from $30.00 to $18.
00 in a report on Thursday, June 6th. Wells Fargo & Company dropped their target price on shares of Couchbase from $30.00 to $23.
00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Robert W. Baird dropped their target price on shares of Couchbase from $32.
00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. UBS Group dropped their target price on shares of Couchbase from $24.
00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Barclays dropped their price target on shares of Couchbase from $20.
00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock.
Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.93.
Insider Activity In other news, CEO Matthew M. Cain sold 8,953 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.
01, for a total transaction of $179,149.53. Following the completion of the sale, the chief executive officer now owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.
37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . In other news, CEO Matthew M.
Cain sold 8,953 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.
53. Following the completion of the sale, the chief executive officer now owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, SVP Huw Owen sold 2,993 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $16.
53, for a total transaction of $49,474.29. Following the sale, the senior vice president now directly owns 412,915 shares of the company’s stock, valued at approximately $6,825,484.
95. The disclosure for this sale can be found here . Insiders sold 35,987 shares of company stock valued at $668,568 in the last quarter.
16.10% of the stock is currently owned by insiders. Couchbase Stock Performance Shares of NASDAQ:BASE opened at $14.
09 on Wednesday. Couchbase, Inc. has a fifty-two week low of $13.
95 and a fifty-two week high of $32.00. The business has a 50-day simple moving average of $17.
77 and a two-hundred day simple moving average of $21.61. The firm has a market cap of $708.
87 million, a price-to-earnings ratio of -8.59 and a beta of 0.61.
Couchbase ( NASDAQ:BASE – Get Free Report ) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.
09) by $0.03. Couchbase had a negative net margin of 39.
51% and a negative return on equity of 54.84%. The firm had revenue of $51.
60 million during the quarter, compared to analyst estimates of $51.11 million. During the same quarter in the prior year, the firm earned ($0.
44) EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year.
As a group, research analysts predict that Couchbase, Inc. will post -1.5 earnings per share for the current year.
Couchbase Profile ( Free Report ) 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.
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