Washington Harbour Partners LP Boosts Position in Couchbase, Inc. (NASDAQ:BASE)

Washington Harbour Partners LP boosted its position in Couchbase, Inc. (NASDAQ:BASE) by 13.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Couchbase comprises 3.5% of Washington Harbour Partners LP’s portfolio, making the stock its 13th biggest holding. Washington Harbour Partners LP owned about 0.16% of Couchbase worth $2,157,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Comerica Bank purchased a new position in shares of Couchbase in the first quarter worth approximately $2,077,000. Jacobs Levy Equity Management Inc. grew its position in shares of Couchbase by 21.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock valued at $5,002,000 after acquiring an additional 33,754 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Couchbase in the 1st quarter worth $466,000. Hood River Capital Management LLC raised its holdings in Couchbase by 4.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,511,521 shares of the company’s stock worth $39,768,000 after purchasing an additional 70,766 shares during the period. Finally, Quadrature Capital Ltd lifted its position in Couchbase by 29.2% during the first quarter. Quadrature Capital Ltd now owns 27,352 shares of the company’s stock valued at $719,000 after purchasing an additional 6,176 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BASE. Oppenheimer reduced their price target on Couchbase from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Royal Bank of Canada lowered their price target on shares of Couchbase from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Barclays reduced their price objective on shares of Couchbase from $33.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. UBS Group began coverage on shares of Couchbase in a research note on Wednesday, May 22nd. They set a “neutral” rating and a $31.00 target price on the stock. Finally, Robert W. Baird cut their price target on Couchbase from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and an average price target of $28.58.

Insider Buying and Selling

In other Couchbase news, Director Jeff Epstein sold 7,277 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the sale, the director now directly owns 28,027 shares in the company, valued at $563,342.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Couchbase news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction on Friday, July 26th. The shares were sold at an average price of $20.10, for a total transaction of $146,267.70. Following the completion of the transaction, the director now directly owns 28,027 shares of the company’s stock, valued at $563,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory N. Henry sold 3,982 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $16.52, for a total transaction of $65,782.64. Following the completion of the sale, the chief financial officer now owns 393,060 shares of the company’s stock, valued at approximately $6,493,351.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,215 shares of company stock worth $1,692,370. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Performance

NASDAQ:BASE traded down $1.24 during trading hours on Thursday, reaching $17.95. The stock had a trading volume of 290,999 shares, compared to its average volume of 505,360. The stock has a market capitalization of $903.06 million, a PE ratio of -10.95 and a beta of 0.61. Couchbase, Inc. has a 52 week low of $14.12 and a 52 week high of $32.00. The company has a 50 day moving average price of $19.18 and a two-hundred day moving average price of $23.75.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. The business had revenue of $51.33 million during the quarter, compared to the consensus estimate of $48.52 million. Equities research analysts predict that Couchbase, Inc. will post -1.45 EPS for the current 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.