Couchbase, Inc. (NASDAQ:BASE) Stock Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 487,655 shares of the company's stock after selling 82,096 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.93% of Couchbase worth $7,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Couchbase in the 4th quarter valued at about $35,000. Summit Investment Advisors Inc. lifted its stake in Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after purchasing an additional 807 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Couchbase during the fourth quarter worth approximately $112,000. Finally, Dark Forest Capital Management LP purchased a new stake in Couchbase during the fourth quarter worth approximately $165,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Trading Up 1.7%

NASDAQ:BASE traded up $0.33 on Thursday, hitting $19.46. 895,776 shares of the stock were exchanged, compared to its average volume of 598,721. The stock has a market cap of $1.05 billion, a PE ratio of -12.16 and a beta of 0.82. The stock has a fifty day moving average of $16.89 and a 200-day moving average of $16.87. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $21.54.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The company had revenue of $56.52 million during the quarter, compared to the consensus estimate of $55.59 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The company's revenue was up 10.1% compared to the same quarter last year. As a group, analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the transaction, the senior vice president now owns 427,699 shares of the company's stock, valued at approximately $6,599,395.57. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 14.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company cut their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of Couchbase in a report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $22.00 price target on shares of Couchbase in a research note on Wednesday. Barclays decreased their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Robert W. Baird upped their price objective on Couchbase from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.65.

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.