Couchbase, Inc. (NASDAQ:BASE) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in Couchbase, Inc. (NASDAQ:BASE) by 26.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,089,104 shares of the company’s stock after buying an additional 441,770 shares during the quarter. Franklin Resources Inc. owned about 3.99% of Couchbase worth $32,569,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BASE. Daiwa Securities Group Inc. increased its position in shares of Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after purchasing an additional 759 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Couchbase during the fourth quarter worth about $112,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Couchbase in the fourth quarter valued at approximately $198,000. SG Americas Securities LLC increased its stake in shares of Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock worth $211,000 after acquiring an additional 1,472 shares during the period. Finally, Olympiad Research LP purchased a new position in shares of Couchbase during the 4th quarter worth approximately $248,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the sale, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,393 shares of company stock worth $1,023,213. Company insiders own 16.10% of the company’s stock.

Couchbase Trading Down 12.0 %

NASDAQ BASE opened at $14.04 on Friday. The company has a market capitalization of $745.52 million, a PE ratio of -8.78 and a beta of 0.85. The stock has a 50-day simple moving average of $16.62 and a 200 day simple moving average of $16.66. Couchbase, Inc. has a 12 month low of $12.92 and a 12 month high of $28.67.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The company had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. As a group, sell-side analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. UBS Group reduced their price objective on Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Guggenheim lowered their price objective on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Barclays dropped their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. 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. According to data from MarketBeat.com, Couchbase has an average rating of “Moderate Buy” and an average price target of $22.19.

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.