Mutual of America Capital Management LLC Sells 667 Shares of Couchbase, Inc. (NASDAQ:BASE)

Mutual of America Capital Management LLC reduced its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 0.9% in the third quarter, Holdings Channel reports. The firm owned 71,033 shares of the company’s stock after selling 667 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Couchbase were worth $1,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Couchbase in the second quarter worth approximately $47,000. Point72 Hong Kong Ltd bought a new position in Couchbase in the 2nd quarter valued at approximately $67,000. Harbor Capital Advisors Inc. boosted its stake in Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after purchasing an additional 1,125 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Couchbase in the 1st quarter worth $230,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BASE has been the topic of several recent analyst reports. Wedbush initiated coverage on Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Morgan Stanley dropped their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company decreased their price objective on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Piper Sandler Companies began coverage on shares of Couchbase in a research report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Finally, DA Davidson cut their target price on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of the 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 completion of the sale, the senior vice president now owns 373,647 shares in the company, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward T. Anderson purchased 21,080 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the acquisition, the director now owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 11,448 shares of company stock valued at $180,742 over the last three months. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Performance

NASDAQ:BASE opened at $20.64 on Tuesday. The stock has a 50-day simple moving average of $16.72 and a two-hundred day simple moving average of $18.45. The firm has a market capitalization of $1.06 billion, a PE ratio of -12.98 and a beta of 0.59. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00.

Couchbase (NASDAQ:BASE) last released its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. During the same period in the prior year, the firm posted ($0.44) EPS. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts forecast that Couchbase, Inc. will post -1.51 earnings per share for the current fiscal year.

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.