Hood River Capital Management LLC Has $42.69 Million Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Hood River Capital Management LLC boosted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 38.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,738,468 shares of the company’s stock after buying an additional 756,394 shares during the period. Hood River Capital Management LLC owned approximately 5.23% of Couchbase worth $42,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after purchasing an additional 53,555 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock valued at $3,099,000 after buying an additional 120,975 shares in the last quarter. 272 Capital LP bought a new position in Couchbase during the third quarter valued at approximately $3,720,000. Geode Capital Management LLC lifted its stake in Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock valued at $15,228,000 after acquiring an additional 88,068 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now directly owns 427,699 shares of the company’s stock, valued at approximately $6,599,395.57. The trade was a 3.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,400 shares of company stock worth $975,265. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Performance

Shares of NASDAQ:BASE opened at $15.19 on Wednesday. The company has a market capitalization of $806.59 million, a PE ratio of -9.49 and a beta of 0.85. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $28.67. The company’s fifty day moving average is $15.64 and its 200-day moving average is $16.66.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The business had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. On average, analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.

Analyst Upgrades and Downgrades

BASE has been the topic of several recent research reports. Royal Bank of Canada cut their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Barclays dropped their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Couchbase from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities started coverage on shares of Couchbase in a report on Wednesday, April 9th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.76.

Couchbase 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.