Millennium Management LLC Sells 136,455 Shares of Couchbase, Inc. (NASDAQ:BASE)

Millennium Management LLC cut its stake in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 91.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,471 shares of the company's stock after selling 136,455 shares during the quarter. Millennium Management LLC's holdings in Couchbase were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BASE. MetLife Investment Management LLC increased its position in Couchbase by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock worth $377,000 after acquiring an additional 1,342 shares during the period. Intech Investment Management LLC acquired a new position in shares of Couchbase during the fourth quarter valued at about $249,000. Northern Trust Corp grew its holdings in shares of Couchbase by 11.1% during the 4th quarter. Northern Trust Corp now owns 367,884 shares of the company's stock worth $5,735,000 after purchasing an additional 36,828 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Couchbase by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 952,361 shares of the company's stock valued at $14,851,000 after purchasing an additional 7,914 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Couchbase by 44.9% during the fourth quarter. Bank of America Corp DE now owns 106,446 shares of the company's stock valued at $1,659,000 after purchasing an additional 32,999 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Couchbase news, CFO William Robert Carey sold 2,300 shares of the firm's 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 now directly owns 94,780 shares of the company's stock, valued at approximately $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,138 shares of company stock valued at $306,865. 14.80% of the stock is currently owned by corporate insiders.

Couchbase Price Performance

Shares of BASE stock traded down $0.21 during trading hours on Friday, hitting $19.05. 437,211 shares of the company's stock were exchanged, compared to its average volume of 592,785. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $21.54. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -11.91 and a beta of 0.82. The stock's 50-day moving average is $17.31 and its 200-day moving average is $16.83.

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

Analysts Set New Price Targets

BASE has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, June 4th. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 target price on shares of Couchbase in a research report on Monday, June 2nd. Needham & Company LLC reissued a "buy" rating and issued a $22.00 target price on shares of Couchbase in a research note on Wednesday, June 4th. UBS Group raised their price target on shares of Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group decreased their price objective on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Couchbase has an average rating of "Moderate Buy" and a consensus target price of $21.65.

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.