State Board of Administration of Florida Retirement System Invests $300,000 in Couchbase, Inc. (NASDAQ:BASE)

State Board of Administration of Florida Retirement System purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASEGet Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,300 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Couchbase by 170.4% in the 1st quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company’s stock valued at $36,069,000 after purchasing an additional 1,304,895 shares during the last quarter. BlackRock Inc. increased its holdings in Couchbase by 90.5% in the 1st quarter. BlackRock Inc. now owns 1,203,014 shares of the company’s stock valued at $20,956,000 after purchasing an additional 571,620 shares during the last quarter. First Trust Advisors LP increased its holdings in Couchbase by 25.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after purchasing an additional 302,069 shares during the last quarter. Pembroke Management LTD boosted its position in Couchbase by 55.2% in the 2nd quarter. Pembroke Management LTD now owns 709,125 shares of the company’s stock valued at $11,643,000 after buying an additional 252,340 shares during the period. Finally, EVR Research LP purchased a new position in Couchbase in the 1st quarter valued at approximately $4,174,000. Institutional investors and hedge funds own 64.94% of the company’s stock.

Couchbase Stock Performance

NASDAQ BASE opened at $11.88 on Tuesday. The firm has a market cap of $532.06 million, a PE ratio of -8.14 and a beta of 0.54. Couchbase, Inc. has a one year low of $10.19 and a one year high of $37.97. The firm’s fifty day moving average is $13.18 and its two-hundred day moving average is $14.89.

Couchbase (NASDAQ:BASEGet Rating) last posted its quarterly earnings data on Wednesday, September 7th. The company reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.05. The company had revenue of $39.79 million for the quarter, compared to analyst estimates of $35.86 million. Couchbase had a negative net margin of 45.80% and a negative return on equity of 35.92%. Couchbase’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the business posted ($1.76) earnings per share. Research analysts predict that Couchbase, Inc. will post -1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BASE shares. Robert W. Baird decreased their price target on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Barclays decreased their price target on shares of Couchbase from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley raised their price target on shares of Couchbase from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, September 8th. Finally, William Blair reissued an “outperform” rating on shares of Couchbase in a research report on Thursday, September 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.38.

About Couchbase

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Couchbase, Inc provides a database for enterprise applications worldwide. 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 Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.

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Institutional Ownership by Quarter for Couchbase (NASDAQ:BASE)

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