EVR Research LP Sells 40,000 Shares of Couchbase, Inc. $BASE

Key Points

• EVR Research LP decreased its stake in Couchbase, Inc. by 1.5% during the first quarter, holding 2,550,000 shares, making it the largest holding in their portfolio.
• Couchbase reported (0.06) earnings per share for the latest quarter, exceeding expectations, with revenue rising 10.1% year-over-year.
• Institutional ownership of Couchbase stocks stands at 96.07%, with multiple investors such as Deutsche Bank and Readystate Asset Management significantly increasing their holdings recently.

EVR Research LP decreased its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,550,000 shares of the company's stock after selling 40,000 shares during the period. Couchbase comprises approximately 11.4% of EVR Research LP's portfolio, making the stock its largest position. EVR Research LP owned 4.72% of Couchbase worth $40,162,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. AlphaQuest LLC grew its stake in shares of Couchbase by 20.5% in the first quarter. AlphaQuest LLC now owns 3,631 shares of the company's stock worth $57,000 after acquiring an additional 617 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Couchbase in the first quarter worth $558,000. Versor Investments LP acquired a new position in shares of Couchbase in the first quarter worth $641,000. Nuveen LLC acquired a new position in shares of Couchbase in the first quarter worth $1,439,000. Finally, Invesco Ltd. grew its stake in shares of Couchbase by 162.2% in the first quarter. Invesco Ltd. now owns 31,378 shares of the company's stock worth $494,000 after acquiring an additional 19,412 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Buying and Selling at Couchbase

In other news, CFO William Robert Carey sold 1,321 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $25.00, for a total value of $33,025.00. Following the completion of the sale, the chief financial officer directly owned 92,443 shares of the company's stock, valued at approximately $2,311,075. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn M. Christensen sold 7,933 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $20.01, for a total transaction of $158,739.33. Following the completion of the sale, the director directly owned 11,987 shares of the company's stock, valued at $239,859.87. The trade was a 39.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,441 shares of company stock valued at $3,473,797 over the last ninety days. 14.80% of the stock is currently owned by corporate insiders.

Couchbase Stock Down 0.0%

BASE traded down $0.01 on Friday, reaching $24.39. The company had a trading volume of 487,809 shares, compared to its average volume of 588,960. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $25.16. The stock has a market capitalization of $1.35 billion, a PE ratio of -17.80 and a beta of 0.93. The stock has a 50-day moving average price of $24.33 and a 200-day moving average price of $19.52.

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

Analysts Set New Price Targets

Several equities analysts have commented on BASE shares. William Blair downgraded shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 20th. Rosenblatt Securities cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and lifted their price objective for the stock from $22.00 to $24.50 in a research report on Friday, June 20th. Barclays lifted their price objective on shares of Couchbase from $22.00 to $24.50 and gave the stock an "overweight" rating in a research report on Friday, June 20th. DA Davidson cut shares of Couchbase from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $25.00 to $24.50 in a research report on Friday, June 20th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $25.00 price objective (up from $22.00) on shares of Couchbase in a research report on Monday, June 23rd. Four research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.16.

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.