Woodline Partners LP lowered its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 67.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,623 shares of the company's stock after selling 22,241 shares during the quarter. Woodline Partners LP's holdings in Couchbase were worth $166,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in Couchbase during the 4th quarter worth approximately $35,000. Summit Investment Advisors Inc. increased its position in Couchbase by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock worth $65,000 after purchasing an additional 807 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after purchasing an additional 759 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Couchbase during the 4th quarter worth approximately $112,000. Finally, Dark Forest Capital Management LP acquired a new stake in Couchbase during the 4th quarter worth approximately $165,000. Institutional investors and hedge funds own 96.07% of the company's stock.
Couchbase Price Performance
BASE traded down $0.29 during trading hours on Friday, hitting $17.89. 858,633 shares of the stock were exchanged, compared to its average volume of 596,063. The stock has a 50-day simple moving average of $16.59 and a 200-day simple moving average of $16.88. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $23.95. The stock has a market cap of $965.72 million, a price-to-earnings ratio of -11.18 and a beta of 0.83.
Couchbase (NASDAQ:BASE - Get Free Report) last announced 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). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The firm had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Sell-side analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on BASE shares. Wells Fargo & Company dropped their target price on shares of Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Rosenblatt Securities assumed coverage on shares of Couchbase in a research report on Wednesday, April 9th. They set a "buy" rating and a $20.00 target price for the company. Piper Sandler decreased 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. Needham & Company LLC restated a "buy" rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, February 26th. Finally, UBS Group decreased 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.41.
Check Out Our Latest Analysis on Couchbase
Insider Buying and Selling
In other Couchbase news, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, the senior vice president now directly owns 427,699 shares in the company, valued at approximately $6,599,395.57. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 14.80% of the stock is currently owned by company insiders.
Couchbase Profile
(
Free Report)
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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