Olympiad Research LP Takes $248,000 Position in Couchbase, Inc. (NASDAQ:BASE)

Olympiad Research LP purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,895 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in shares of Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock valued at $112,000 after acquiring an additional 956 shares during the period. SG Americas Securities LLC grew its stake in shares of Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after purchasing an additional 1,472 shares during the last quarter. Creative Planning increased its holdings in Couchbase by 59.0% during the 3rd 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 period. US Bancorp DE raised its position in Couchbase by 147.8% during the 3rd quarter. US Bancorp DE now owns 19,528 shares of the company’s stock valued at $315,000 after purchasing an additional 11,648 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Couchbase in the 3rd quarter worth approximately $355,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Trading Down 2.2 %

Couchbase stock opened at $17.90 on Monday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The company has a market capitalization of $937.07 million, a price-to-earnings ratio of -11.19 and a beta of 0.81. The business’s fifty day simple moving average is $16.87 and its two-hundred day simple moving average is $17.04.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.35) earnings per share (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 in the prior year, the firm posted ($0.34) earnings per share. On average, equities research analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BASE shares. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Robert W. Baird reduced their price objective on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research report on Wednesday, December 4th. Stifel Nicolaus boosted their price target on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays increased their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Insider Activity

In related news, SVP Margaret Chow sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the transaction, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of Couchbase stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the sale, the chief financial officer now directly owns 304,555 shares of the company’s stock, valued at approximately $5,366,259.10. The trade was a 3.12 % 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 90 days. 16.10% of the stock is currently owned by insiders.

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.