Published on 18 Nov 2021 on Insider Monkey via Yahoo Finance

Is Couchbase (BASE) A Smart Long-Term Buy?

Baron Funds, an asset management firm, published its “Baron Discovery Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A decline of 5.02% was delivered by the fund’s institutional shares for the third quarter of 2021, which was 0.63% better than the Russell 2000 Growth Index (the “Benchmark”). You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Baron Discovery Fund, in its Q3 2021 investor letter, mentioned Couchbase, Inc. (NASDAQ: BASE) and discussed its stance on the firm. Couchbase, Inc. is a Santa Clara, California-based software company with a $1.8 billion market capitalization. BASE delivered a 12.72% return for the past month and it closed at $42.25 per share on November 16, 2021.

Here is what Baron Funds has to say about Couchbase, Inc. in its Q3 2021 investor letter: