40,700 Shares in Couchbase, Inc. $BASE Bought by Versor Investments LP

Key Points

• Versor Investments LP purchased 40,700 shares of Couchbase, Inc., valued at approximately $641,000, representing about 0.08% of the company's total shares.
• Insider sales included CFO William Robert Carey selling 2,300 shares and SVP Huw Owen selling 15,873 shares, indicating a 2.37% and 4.03% decrease in their ownerships, respectively.
• Multiple research analysts downgraded Couchbase's rating from 'strong-buy' to 'hold', with the stock's consensus price target now at $23.16.

Versor Investments LP acquired a new stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 40,700 shares of the company's stock, valued at approximately $641,000. Versor Investments LP owned 0.08% of Couchbase at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Couchbase during the 4th quarter valued at approximately $35,000. Summit Investment Advisors Inc. grew its stake in shares of Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after acquiring an additional 807 shares during the period. CWM LLC grew its stake in shares of Couchbase by 272.9% during the 1st quarter. CWM LLC now owns 4,191 shares of the company's stock valued at $66,000 after acquiring an additional 3,067 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Couchbase by 33.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock valued at $141,000 after acquiring an additional 2,240 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Couchbase during the 4th quarter valued at approximately $165,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BASE has been the subject of several recent analyst reports. Morgan Stanley upped their price target on Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Needham & Company LLC downgraded Couchbase from a "moderate buy" rating to a "hold" rating and set a $22.00 price target for the company. in a research note on Friday, June 20th. Barclays upped their price target on Couchbase from $22.00 to $24.50 and gave the stock an "overweight" rating in a research note on Friday, June 20th. Royal Bank Of Canada downgraded Couchbase from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 20th. Finally, Piper Sandler downgraded Couchbase from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $23.16.

Insider Transactions at Couchbase

In other news, SVP Huw Owen sold 15,873 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $24.28, for a total transaction of $385,396.44. Following the completion of the transaction, the senior vice president directly owned 377,820 shares in the company, valued at approximately $9,173,469.60. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Robert Carey sold 2,300 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total value of $44,850.00. Following the transaction, the chief financial officer owned 94,780 shares of the company's stock, valued at $1,848,210. This represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,441 shares of company stock valued at $3,473,797 over the last quarter. 16.10% of the stock is owned by insiders.

Couchbase Price Performance

Shares of NASDAQ BASE traded down $0.03 during midday trading on Monday, reaching $24.34. 367,676 shares of the stock traded hands, compared to its average volume of 572,195. The stock has a market capitalization of $1.34 billion, a PE ratio of -17.77 and a beta of 0.93. Couchbase, Inc. has a one year low of $12.78 and a one year high of $25.16. The company's 50 day moving average is $24.02 and its 200 day moving average is $19.37.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The firm had revenue of $56.52 million during the quarter, compared to the consensus estimate of $55.59 million. Couchbase had a negative return on equity of 55.25% and a negative net margin of 33.23%.The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. Couchbase has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.

About Couchbase

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.