Franklin Resources Inc. Purchases 441,770 Shares of Couchbase, Inc. (NASDAQ:BASE)

Franklin Resources Inc. boosted its holdings in Couchbase, Inc. (NASDAQ:BASE) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,089,104 shares of the company’s stock after purchasing an additional 441,770 shares during the period. Franklin Resources Inc.’s holdings in Couchbase were worth $32,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Couchbase by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock worth $79,916,000 after buying an additional 164,563 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Couchbase in the fourth quarter worth $112,000. Knights of Columbus Asset Advisors LLC increased its position in shares of Couchbase by 33.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 100,011 shares of the company’s stock valued at $1,559,000 after purchasing an additional 25,227 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Couchbase during the 4th quarter valued at $249,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of Couchbase during the fourth quarter valued at about $468,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays lowered their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. UBS Group reduced their price objective on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Truist Financial assumed coverage on Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.19.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 2,993 shares of Couchbase 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 $5,222,407.86. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the sale, the chief financial officer now directly owns 304,555 shares in the company, valued at $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,393 shares of company stock valued at $1,023,213 in the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Down 12.0 %

NASDAQ BASE opened at $14.04 on Friday. The business has a 50-day moving average price of $16.62 and a 200-day moving average price of $16.66. The firm has a market cap of $745.52 million, a price-to-earnings ratio of -8.78 and a beta of 0.85. Couchbase, Inc. has a twelve month low of $12.92 and a twelve month high of $28.67.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate 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 company had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $53.25 million. Research analysts expect that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

About Couchbase

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.