Maytree Asset Management Ltd Takes $376,000 Position in Couchbase, Inc. (NASDAQ:BASE)

Maytree Asset Management Ltd purchased a new stake in shares of Couchbase, Inc. (NASDAQ:BASE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,100 shares of the company’s stock, valued at approximately $376,000. Couchbase comprises about 0.9% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also modified their holdings of BASE. Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 15.9% during the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after purchasing an additional 956 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after purchasing an additional 1,472 shares during the last quarter. Creative Planning grew its stake in shares of Couchbase by 59.0% during the third quarter. Creative Planning now owns 17,335 shares of the company’s stock valued at $279,000 after purchasing an additional 6,433 shares during the last quarter. US Bancorp DE lifted its holdings in Couchbase by 147.8% in the third quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after buying an additional 11,648 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Couchbase in the third quarter valued at approximately $355,000. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BASE has been the topic of several analyst reports. Morgan Stanley cut their price objective on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Barclays increased their price objective on shares of Couchbase from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler restated an “overweight” rating and issued a $21.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Stifel Nicolaus increased their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, DA Davidson restated a “buy” rating and issued a $25.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Insider Buying and Selling

In related news, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the completion of the transaction, the senior vice president now directly owns 325,993 shares of the company’s stock, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,883 shares of company stock worth $950,915 over the last ninety days. Company insiders own 16.10% of the company’s stock.

Couchbase Stock Performance

BASE opened at $18.53 on Thursday. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The firm’s fifty day moving average is $16.78 and its two-hundred day moving average is $17.03. The firm has a market cap of $970.05 million, a PE ratio of -11.58 and a beta of 0.81.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.27). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. During the same quarter last year, the business earned ($0.34) EPS. Equities analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.