Andar Capital Management HK Ltd Purchases New Position in Couchbase, Inc. (NASDAQ:BASE)

Andar Capital Management HK Ltd acquired a new position in Couchbase, Inc. (NASDAQ:BASE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,000 shares of the company’s stock, valued at approximately $1,216,000. Couchbase makes up approximately 1.7% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BASE. Russell Investments Group Ltd. boosted its position in shares of Couchbase by 25.8% during the fourth quarter. Russell Investments Group Ltd. now owns 21,710 shares of the company’s stock worth $489,000 after acquiring an additional 4,452 shares during the last quarter. Federated Hermes Inc. lifted its position in Couchbase by 8,574.1% in the fourth quarter. Federated Hermes Inc. now owns 12,404 shares of the company’s stock valued at $279,000 after buying an additional 12,261 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Couchbase in the fourth quarter valued at about $92,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 buying an additional 1,203 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new position in Couchbase in the fourth quarter valued at about $299,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Couchbase

In related news, SVP Margaret Chow sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $30.53, for a total value of $305,300.00. Following the completion of the transaction, the senior vice president now directly owns 217,700 shares of the company’s stock, valued at approximately $6,646,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Margaret Chow sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was 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 $6,646,381. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William Robert Carey sold 4,431 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.90, for a total value of $123,624.90. Following the sale, the chief accounting officer now owns 48,097 shares in the company, valued at approximately $1,341,906.30. The disclosure for this sale can be found here. Insiders sold 60,228 shares of company stock valued at $1,652,692 in the last ninety days. Corporate insiders own 22.50% of the company’s stock.

Couchbase Stock Up 2.6 %

Shares of NASDAQ BASE traded up $0.62 during trading hours on Wednesday, reaching $24.76. The stock had a trading volume of 344,033 shares, compared to its average volume of 483,885. Couchbase, Inc. has a fifty-two week low of $13.97 and a fifty-two week high of $32.00. The firm has a 50-day moving average of $26.26 and a 200-day moving average of $22.98.

Couchbase (NASDAQ:BASE) last issued its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The business had revenue of $50.09 million during the quarter, compared to the consensus estimate of $46.56 million. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. Equities research analysts forecast that Couchbase, Inc. will post -1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BASE has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of Couchbase from $24.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Oppenheimer boosted their price target on shares of Couchbase from $25.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Guggenheim boosted their price target on shares of Couchbase from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their price target on shares of Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada boosted their price target on shares of Couchbase from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.40.

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.