Couchbase, Inc. (NASDAQ:BASE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 55.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,835 shares of the company's stock after selling 14,988 shares during the period. Two Sigma Investments LP's holdings in Couchbase were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Couchbase during the 4th quarter worth $35,000. Summit Investment Advisors Inc. boosted its holdings 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 buying an additional 807 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings 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 buying an additional 759 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Couchbase during the 4th quarter valued at approximately $112,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Couchbase during the 4th quarter valued at approximately $165,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Stock Performance

Couchbase stock traded down $0.21 during trading on Friday, hitting $19.05. The company's stock had a trading volume of 437,211 shares, compared to its average volume of 592,785. The stock's fifty day moving average is $17.31 and its 200 day moving average is $16.83. Couchbase, Inc. has a 1-year low of $12.78 and a 1-year high of $21.54. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -11.91 and a beta of 0.82.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. 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 company posted ($0.10) EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Insider Activity at Couchbase

In other news, CFO William Robert Carey sold 2,300 shares of Couchbase stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $19.50, for a total transaction of $44,850.00. Following the sale, the chief financial officer now owns 94,780 shares in the company, valued at $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction 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 owns 427,699 shares of the company's stock, valued at $6,599,395.57. This trade represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,138 shares of company stock worth $306,865. 14.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on BASE shares. UBS Group boosted their target price on Couchbase from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Robert W. Baird increased their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group dropped their target price on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company lowered their price target on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Morgan Stanley lifted their price objective on Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.