XTX Topco Ltd Boosts Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Key Points

• XTX Topco Ltd has increased its stake in Couchbase, Inc. by 81.3% during the first quarter, reaching approximately $1,003,000 in value.
• Recent analysis shows a consensus rating of "Hold" for Couchbase, with an average price target of $23.09.
• Insider trading activity includes CFO and SVP selling shares, with a total of 128,542 shares worth $3,038,455 sold in the last 90 days.

XTX Topco Ltd boosted its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 81.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,694 shares of the company's stock after buying an additional 28,562 shares during the period. XTX Topco Ltd owned 0.12% of Couchbase worth $1,003,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Couchbase in the 4th quarter worth approximately $35,000. Summit Investment Advisors Inc. increased its stake in Couchbase by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company's stock valued at $65,000 after buying an additional 807 shares during the last quarter. CWM LLC raised its position in shares of Couchbase by 272.9% during the 1st quarter. CWM LLC now owns 4,191 shares of the company's stock valued at $66,000 after buying an additional 3,067 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Couchbase during the 4th quarter valued at about $112,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Couchbase by 33.3% during the first quarter. Harbor Capital Advisors Inc. now owns 8,972 shares of the company's stock valued at $141,000 after purchasing an additional 2,240 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Price Performance

Shares of BASE remained flat at $24.28 on Tuesday. The company had a trading volume of 364,919 shares, compared to its average volume of 591,811. Couchbase, Inc. has a 1-year low of $12.78 and a 1-year high of $25.16. The business has a fifty day moving average of $22.39 and a two-hundred day moving average of $18.67. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -17.72 and a beta of 0.93.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Couchbase had a negative return on equity of 55.25% and a negative net margin of 33.23%. The business had revenue of $56.52 million for the quarter, compared to analyst estimates of $55.59 million. During the same period last year, the firm posted ($0.10) earnings per share. Couchbase's revenue was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Couchbase, Inc. will post -1.48 EPS for the current year.

Insider Transactions at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,873 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $24.28, for a total value of $385,396.44. Following the completion of the sale, the senior vice president owned 377,820 shares of the company's stock, valued at approximately $9,173,469.60. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew M. Cain sold 5,542 shares of Couchbase stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $24.26, for a total value of $134,448.92. Following the transaction, the chief executive officer directly owned 865,306 shares in the company, valued at approximately $20,992,323.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,084 shares of company stock worth $3,172,904. 16.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on BASE shares. Morgan Stanley raised their target price on shares of Couchbase from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. William Blair lowered shares of Couchbase from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 20th. Stifel Nicolaus set a $24.50 target price on shares of Couchbase and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Wells Fargo & Company cut Couchbase from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $20.00 to $24.50 in a research note on Friday, June 20th. Finally, Rosenblatt Securities cut Couchbase from a "strong-buy" rating to a "hold" rating and lifted their target price for the company from $22.00 to $24.50 in a research note on Friday, June 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $23.09.

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.