Trexquant Investment LP Makes New $721,000 Investment in Couchbase, Inc. $BASE

Key Points

• Trexquant Investment LP has made a new investment of approximately $721,000 in Couchbase, acquiring 45,780 shares, now owning about 0.08% of the company.
• Insider transactions were noted, including CEO Matthew M. Cain selling 63,600 shares for a total of $1,542,300, reducing his ownership by 6.68%.
• Couchbase's stock has recently been rated as a "Hold" by multiple analysts, with a consensus price target of approximately $23.47.

Trexquant Investment LP bought a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,780 shares of the company's stock, valued at approximately $721,000. Trexquant Investment LP owned about 0.08% of Couchbase at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its stake in Couchbase by 5.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 588,439 shares of the company's stock worth $9,174,000 after purchasing an additional 32,078 shares during the last quarter. Deutsche Bank AG lifted its stake in Couchbase by 26.4% during the first quarter. Deutsche Bank AG now owns 493,404 shares of the company's stock worth $7,771,000 after purchasing an additional 103,021 shares during the last quarter. Northern Trust Corp lifted its stake in Couchbase by 11.1% during the fourth 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 during the last quarter. Congress Asset Management Co. acquired a new position in Couchbase during the 1st quarter worth approximately $5,650,000. Finally, Readystate Asset Management LP increased its position in Couchbase by 71.2% during the 1st quarter. Readystate Asset Management LP now owns 211,518 shares of the company's stock worth $3,331,000 after purchasing an additional 87,976 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Matthew M. Cain sold 63,600 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $24.25, for a total value of $1,542,300.00. Following the sale, the chief executive officer directly owned 888,747 shares of the company's stock, valued at approximately $21,552,114.75. This represents a 6.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Huw Owen sold 15,873 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were 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 in the company, valued at approximately $9,173,469.60. This 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 in the last three months. Insiders own 16.10% of the company's stock.

Couchbase Stock Performance

Shares of BASE opened at $24.44 on Monday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -17.33 and a beta of 0.93. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $25.16. The stock has a fifty day moving average of $24.34 and a 200-day moving average of $19.73.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $57.57 million during the quarter, compared to analyst estimates of $55.15 million. Couchbase had a negative return on equity of 52.42% and a negative net margin of 34.10%.Couchbase's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. As a group, equities analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BASE shares. Stifel Nicolaus set a $24.50 price objective on shares of Couchbase and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Truist Financial reiterated a "hold" rating and issued a $24.50 price target (up from $21.00) on shares of Couchbase in a research note on Monday, June 23rd. William Blair cut Couchbase from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 20th. Royal Bank Of Canada cut Couchbase from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 20th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $25.00 price target (up from $22.00) on shares of Couchbase in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.47.

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.

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