D. E. Shaw & Co. Inc. Boosts Stock Position in Couchbase, Inc. (NASDAQ:BASE)

D. E. Shaw & Co. Inc. boosted its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,118 shares of the company's stock after buying an additional 16,556 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.32% of Couchbase worth $2,637,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quarry LP purchased a new position in Couchbase in the fourth quarter valued at $35,000. Summit Investment Advisors Inc. boosted its stake in Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after acquiring an additional 807 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock valued at $65,000 after acquiring an additional 759 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Couchbase in the fourth quarter valued at $112,000. Finally, Dark Forest Capital Management LP acquired a new position in Couchbase in the fourth quarter valued at $165,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Couchbase Stock Down 0.4%

NASDAQ BASE opened at $18.70 on Tuesday. The stock has a market capitalization of $1.01 billion, a P/E ratio of -11.69 and a beta of 0.83. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $28.67. The firm has a 50-day moving average price of $15.82 and a 200 day moving average price of $16.84.

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

Insider Buying and Selling at Couchbase

In other news, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were 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 trade represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BASE. Morgan Stanley decreased their price objective on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Barclays decreased their price objective on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Piper Sandler decreased their target price on shares of Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Guggenheim decreased their target price on shares of Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Couchbase presently has a consensus rating of "Moderate Buy" and an average price target of $21.41.

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.

Want to see what other hedge funds are holding BASE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Couchbase, Inc. (NASDAQ:BASE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.