Jacobs Levy Equity Management Inc. Sells 136,184 Shares of Couchbase, Inc. $BASE

Jacobs Levy Equity Management Inc. decreased its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 23.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 452,255 shares of the company's stock after selling 136,184 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.84% of Couchbase worth $7,123,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of Couchbase in the first quarter valued at about $721,000. Invesco Ltd. increased its position in shares of Couchbase by 162.2% in the first quarter. Invesco Ltd. now owns 31,378 shares of the company's stock valued at $494,000 after acquiring an additional 19,412 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Couchbase in the first quarter valued at about $1,923,000. Bank of New York Mellon Corp boosted its stake in shares of Couchbase by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 135,495 shares of the company's stock valued at $2,134,000 after purchasing an additional 696 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of Couchbase during the 1st quarter valued at about $5,650,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Couchbase Stock Performance

Shares of BASE traded down $0.02 during mid-day trading on Friday, hitting $24.40. 895,881 shares of the company traded hands, compared to its average volume of 651,397. The stock has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $19.96. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $25.16. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -17.30 and a beta of 0.93.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. Couchbase had a negative net margin of 34.10% and a negative return on equity of 52.42%. The firm had revenue of $57.57 million during the quarter, compared to analysts' expectations of $55.15 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The firm's quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

BASE has been the topic of a number of research reports. Stifel Nicolaus set a $24.50 target price on shares of Couchbase and gave the company a "hold" rating in a research note on Tuesday, June 24th. Wells Fargo & Company lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. Piper Sandler lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $20.00 to $24.50 in a research note on Friday, June 20th. William Blair lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 20th. Finally, Guggenheim reissued a "neutral" rating and set a $26.00 price objective on shares of Couchbase in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $23.47.

Insider Transactions at Couchbase

In other news, CFO William Robert Carey sold 1,321 shares of the stock in a transaction on 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 $2,311,075. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Huw Owen sold 15,873 shares of the stock in a transaction 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 sale, the senior vice president directly owned 377,820 shares of the company's stock, valued at approximately $9,173,469.60. This trade represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 166,452 shares of company stock valued at $3,978,795 over the last three months. Corporate insiders own 14.80% of the company's stock.

Couchbase 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.