AJOVista LLC Makes New $74,000 Investment in Couchbase, Inc. (NASDAQ:BASE)

AJOVista LLC purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,302 shares of the company’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Couchbase in the third quarter valued at approximately $67,000. Daiwa Securities Group Inc. acquired a new stake in shares of Couchbase in the fourth quarter valued at approximately $92,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Couchbase by 21.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company’s stock valued at $151,000 after purchasing an additional 1,203 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Couchbase in the third quarter valued at approximately $178,000. Finally, SG Americas Securities LLC acquired a new stake in Couchbase during the 4th quarter worth $210,000. Institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, CAO William Robert Carey sold 4,431 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.90, for a total transaction of $123,624.90. Following the transaction, the chief accounting officer now owns 48,097 shares in the company, valued at $1,341,906.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Margaret Chow sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $30.53, for a total transaction of $305,300.00. Following the sale, the senior vice president now owns 217,700 shares in the company, valued at approximately $6,646,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William Robert Carey sold 4,431 shares of Couchbase stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $27.90, for a total transaction of $123,624.90. Following the completion of the transaction, the chief accounting officer now directly owns 48,097 shares in the company, valued at $1,341,906.30. The disclosure for this sale can be found here. Insiders sold 55,608 shares of company stock worth $1,525,642 over the last three months. Insiders own 22.50% of the company’s stock.

Couchbase Stock Up 2.9 %

Shares of BASE stock traded up $0.72 during trading on Friday, reaching $25.89. 391,555 shares of the company’s stock were exchanged, compared to its average volume of 451,322. Couchbase, Inc. has a twelve month low of $13.97 and a twelve month high of $32.00. The firm’s fifty day moving average price is $26.13 and its 200-day moving average price is $23.07. The stock has a market capitalization of $1.30 billion, a PE ratio of -15.23 and a beta of 0.72.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. The firm had revenue of $50.09 million for the quarter, compared to the consensus estimate of $46.56 million. Couchbase had a negative net margin of 44.54% and a negative return on equity of 54.61%. As a group, analysts anticipate that Couchbase, Inc. will post -1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Barclays lifted their target price on shares of Couchbase from $29.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. The Goldman Sachs Group boosted their price target on shares of Couchbase from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Oppenheimer boosted their price target on shares of Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Robert W. Baird boosted their price objective on shares of Couchbase from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.40.

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.