272 Capital LP Sells 166,047 Shares of Couchbase, Inc. (NASDAQ:BASE)

272 Capital LP trimmed its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 72.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,700 shares of the company's stock after selling 166,047 shares during the period. Couchbase accounts for approximately 1.0% of 272 Capital LP's investment portfolio, making the stock its 25th biggest position. 272 Capital LP owned approximately 0.12% of Couchbase worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Couchbase by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after purchasing an additional 164,563 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after acquiring an additional 756,394 shares during the period. EVR Research LP grew its position in shares of Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company's stock valued at $40,378,000 after purchasing an additional 50,000 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Couchbase by 26.8% during the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock worth $32,569,000 after purchasing an additional 441,770 shares during the period. Finally, Wasatch Advisors LP boosted its stake in Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock valued at $26,554,000 after purchasing an additional 712,936 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Activity

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of Couchbase stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Huw Owen sold 15,938 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares of the company's stock, valued at $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. 16.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler lowered their price target on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada decreased their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Morgan Stanley cut their price target on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Barclays decreased their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and set a $22.00 target price on shares of Couchbase in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Couchbase currently has a consensus rating of "Moderate Buy" and an average price target of $21.41.

Couchbase Trading Down 0.7 %

BASE stock traded down $0.12 during trading on Monday, hitting $17.47. The company had a trading volume of 408,812 shares, compared to its average volume of 585,841. The stock has a market cap of $943.05 million, a PE ratio of -10.92 and a beta of 0.83. The business has a 50-day moving average of $15.53 and a 200-day moving average of $16.73. Couchbase, Inc. has a one year low of $12.78 and a one year 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 firm 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%. Research analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current 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.