Strs Ohio Has $88,000 Stake in Couchbase, Inc. (NASDAQ:BASE)

Strs Ohio boosted its position in Couchbase, Inc. (NASDAQ:BASEGet Rating) by 93.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,200 shares of the company’s stock after buying an additional 3,000 shares during the period. Strs Ohio’s holdings in Couchbase were worth $88,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Metropolitan Life Insurance Co NY acquired a new position in Couchbase in the first quarter valued at $30,000. Ameritas Investment Partners Inc. raised its holdings in shares of Couchbase by 145.6% during the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock valued at $32,000 after purchasing an additional 1,080 shares during the period. Amalgamated Bank acquired a new position in shares of Couchbase during the first quarter valued at about $45,000. Ensign Peak Advisors Inc acquired a new position in shares of Couchbase during the first quarter valued at about $70,000. Finally, UBS Group AG raised its holdings in shares of Couchbase by 71.3% during the first quarter. UBS Group AG now owns 4,664 shares of the company’s stock valued at $81,000 after purchasing an additional 1,942 shares during the period. Institutional investors and hedge funds own 59.22% of the company’s stock.

Couchbase Stock Performance

Shares of BASE stock opened at $13.27 on Friday. Couchbase, Inc. has a 52-week low of $10.19 and a 52-week high of $25.03. The company has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $14.38. The company has a market capitalization of $599.42 million, a price-to-earnings ratio of -9.09 and a beta of 0.57.

Couchbase (NASDAQ:BASEGet Rating) last issued its quarterly earnings data on Tuesday, December 6th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.10. Couchbase had a negative net margin of 43.92% and a negative return on equity of 38.11%. The business had revenue of $38.56 million during the quarter, compared to the consensus estimate of $36.57 million. On average, sell-side analysts forecast that Couchbase, Inc. will post -1.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BASE. The Goldman Sachs Group dropped their price objective on shares of Couchbase from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, December 7th. Morgan Stanley dropped their price objective on shares of Couchbase from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, November 21st. Barclays dropped their price objective on shares of Couchbase from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. Robert W. Baird decreased their target price on shares of Couchbase from $22.00 to $18.00 in a research report on Wednesday, December 7th. Finally, Wedbush started coverage on shares of Couchbase in a research report on Wednesday, December 14th. They set a “neutral” rating and a $16.00 target price for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Couchbase currently has an average rating of “Moderate Buy” and an average price target of $18.56.

Couchbase Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Couchbase (NASDAQ:BASE)

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