D. E. Shaw & Co. Inc. Acquires 16,556 Shares of Couchbase, Inc. (NASDAQ:BASE)

D. E. Shaw & Co. Inc. boosted its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,118 shares of the company's stock after acquiring an additional 16,556 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.32% of Couchbase worth $2,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BASE. Hood River Capital Management LLC lifted its position in Couchbase by 38.2% during the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after acquiring an additional 756,394 shares during the period. Wasatch Advisors LP raised its holdings in shares of Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after acquiring an additional 712,936 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Couchbase by 26.8% in the fourth quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock worth $32,569,000 after acquiring an additional 441,770 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Couchbase by 13.9% in the fourth quarter. Voya Investment Management LLC now owns 1,604,396 shares of the company's stock worth $25,013,000 after acquiring an additional 195,434 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Couchbase by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock worth $79,916,000 after acquiring an additional 164,563 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Couchbase Price Performance

Shares of Couchbase stock traded down $0.24 during midday trading on Friday, hitting $18.32. 405,217 shares of the company were exchanged, compared to its average volume of 593,131. The firm has a market cap of $988.93 million, a P/E ratio of -11.45 and a beta of 0.83. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $26.67. The firm has a 50 day simple moving average of $16.20 and a 200-day simple moving average of $16.88.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BASE has been the subject of a number of analyst reports. Guggenheim cut their price target on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Barclays lowered their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Piper Sandler lowered their price target on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their price target on Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, UBS Group lowered their price target on Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.41.

Insider Buying and Selling

In other news, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.80% of the stock is owned by insiders.

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.