State Board of Administration of Florida Retirement System purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on Couchbase (BASE)
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