JPMorgan Chase & Co. Cuts Holdings in Couchbase, Inc. (NASDAQ:BASE)

JPMorgan Chase & Co. lowered its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,039 shares of the company's stock after selling 58,177 shares during the period. JPMorgan Chase & Co. owned 0.26% of Couchbase worth $2,090,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in Couchbase by 22.2% during 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 bought a new position in shares of Couchbase in the 4th quarter worth $112,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Couchbase during the 4th quarter valued at $198,000. SG Americas Securities LLC raised its position in shares of Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock valued at $211,000 after buying an additional 1,472 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Couchbase during the 4th quarter worth $248,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the transaction, the chief financial officer now directly owns 304,555 shares of the company's stock, valued at approximately $5,366,259.10. This trade represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,658 shares of company stock valued at $709,172. Corporate insiders own 16.10% of the company's stock.

Couchbase Price Performance

BASE traded down $0.03 during midday trading on Tuesday, reaching $17.11. 399,868 shares of the company's stock traded hands, compared to its average volume of 578,289. The firm has a fifty day moving average of $15.48 and a two-hundred day moving average of $16.70. The stock has a market capitalization of $923.61 million, a price-to-earnings ratio of -10.69 and a beta of 0.85. Couchbase, Inc. has a 52 week low of $12.78 and a 52 week high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $53.25 million. Sell-side analysts forecast that Couchbase, Inc. will post -1.48 EPS for the current year.

Analysts Set New Price Targets

BASE has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. Piper Sandler dropped their price target on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Guggenheim dropped their price target on Couchbase from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price target on Couchbase from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group dropped their price target on Couchbase from $19.00 to $18.00 and set a "neutral" 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 given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.41.

About Couchbase

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.