Boothbay Fund Management LLC Sells 183,924 Shares of Couchbase, Inc. (NASDAQ:BASE)

Boothbay Fund Management LLC trimmed its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,747 shares of the company's stock after selling 183,924 shares during the period. Boothbay Fund Management LLC owned 0.07% of Couchbase worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BASE. Barclays PLC raised its position in Couchbase by 242.9% in the third quarter. Barclays PLC now owns 75,602 shares of the company's stock valued at $1,218,000 after purchasing an additional 53,555 shares during the period. JPMorgan Chase & Co. lifted its stake in Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company's stock worth $3,099,000 after purchasing an additional 120,975 shares during the last quarter. 272 Capital LP acquired a new stake in Couchbase during the third quarter worth approximately $3,720,000. Franklin Resources Inc. boosted its holdings in shares of Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock valued at $27,379,000 after acquiring an additional 353,233 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Couchbase during the fourth quarter worth approximately $249,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Couchbase Price Performance

NASDAQ BASE traded down $0.01 during mid-day trading on Tuesday, hitting $17.46. The stock had a trading volume of 39,359 shares, compared to its average volume of 583,690. The stock has a market capitalization of $942.29 million, a price-to-earnings ratio of -10.90 and a beta of 0.83. The firm's 50 day moving average is $15.51 and its 200 day moving average is $16.73. Couchbase, Inc. has a twelve month low of $12.78 and a twelve month high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The company had revenue of $54.92 million for the quarter, compared to analyst estimates 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, equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

BASE has been the topic of a number of recent research reports. Rosenblatt Securities assumed coverage on Couchbase in a research note on Wednesday, April 9th. They issued a "buy" rating and a $20.00 target price on the stock. UBS Group decreased their price objective on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Morgan Stanley dropped their price target on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler cut their target price on Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Couchbase currently has an average rating of "Moderate Buy" and a consensus target price of $21.41.

Insider Activity

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the 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 transaction, the senior vice president now owns 427,699 shares in the company, valued at $6,599,395.57. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.10% of the company's stock.

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.