Federated Hermes Inc. Buys 12,261 Shares of Couchbase, Inc. (NASDAQ:BASE)

Federated Hermes Inc. raised its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 8,574.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,404 shares of the company’s stock after purchasing an additional 12,261 shares during the period. Federated Hermes Inc.’s holdings in Couchbase were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BASE. Vanguard Group Inc. lifted its stake in shares of Couchbase by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,359,891 shares of the company’s stock valued at $57,656,000 after buying an additional 97,718 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Couchbase during the third quarter worth $1,360,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Couchbase by 74.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,352 shares of the company’s stock worth $2,855,000 after acquiring an additional 70,978 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Couchbase in the third quarter valued at $1,064,000. Finally, Tudor Investment Corp Et Al raised its stake in shares of Couchbase by 40.6% during the 3rd quarter. Tudor Investment Corp Et Al now owns 141,261 shares of the company’s stock valued at $2,424,000 after purchasing an additional 40,808 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Couchbase

In related news, CAO William Robert Carey sold 4,431 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.90, for a total transaction of $123,624.90. Following the transaction, the chief accounting officer now owns 48,097 shares of the company’s stock, valued at approximately $1,341,906.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO William Robert Carey sold 4,431 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.90, for a total transaction of $123,624.90. Following the completion of the sale, the chief accounting officer now directly owns 48,097 shares in the company, valued at approximately $1,341,906.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 18,747 shares of Couchbase stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total value of $521,916.48. Following the completion of the transaction, the chief financial officer now directly owns 330,652 shares in the company, valued at $9,205,351.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,228 shares of company stock worth $1,515,192. 22.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BASE has been the subject of several analyst reports. Guggenheim raised their target price on Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Barclays upped their target price on shares of Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised their price target on shares of Couchbase from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Robert W. Baird upped their price target on shares of Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group lifted their price objective on Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Couchbase presently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

Couchbase Stock Up 2.9 %

Shares of BASE stock opened at $25.89 on Monday. The business has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $23.18. Couchbase, Inc. has a 12-month low of $13.97 and a 12-month high of $32.00. The firm has a market cap of $1.30 billion, a P/E ratio of -15.23 and a beta of 0.72.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $50.09 million for the quarter, compared to analysts’ expectations of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. As a group, research analysts expect that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Couchbase Company Profile

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.