272 Capital LP Buys Shares of 230,747 Couchbase, Inc. (NASDAQ:BASE)

272 Capital LP bought a new stake in Couchbase, Inc. (NASDAQ:BASE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 230,747 shares of the company’s stock, valued at approximately $3,720,000. Couchbase makes up 1.9% of 272 Capital LP’s holdings, making the stock its 20th largest position. 272 Capital LP owned 0.45% of Couchbase at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Couchbase in the third quarter valued at approximately $772,000. Horrell Capital Management Inc. boosted its position in Couchbase by 64.3% in the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after buying an additional 90,000 shares in the last quarter. EVR Research LP boosted its position in Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Couchbase by 34.9% in the second quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock valued at $2,997,000 after buying an additional 42,434 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its position in Couchbase by 7.8% in the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after buying an additional 118,372 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Stock Up 0.5 %

BASE opened at $16.15 on Friday. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The company has a fifty day moving average price of $17.66 and a two-hundred day moving average price of $17.79.

Wall Street Analysts Forecast Growth

BASE has been the topic of a number of research analyst reports. Wedbush began coverage on shares of Couchbase in a research report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Insider Buying and Selling at Couchbase

In other Couchbase news, Director Edward T. Anderson bought 21,080 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $14.16 per share, with a total value of $298,492.80. Following the completion of the transaction, the director now directly owns 85,902 shares in the company, valued at approximately $1,216,372.32. The trade was a 32.52 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Huw Owen sold 6,736 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,548 shares of company stock valued at $163,390. Corporate insiders own 16.10% of the company’s stock.

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.