Jump Financial LLC Makes New Investment in Couchbase, Inc. (NASDAQ:BASE)

Jump Financial LLC purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 60,985 shares of the company's stock, valued at approximately $1,373,000. Jump Financial LLC owned approximately 0.13% of Couchbase at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Couchbase during the third quarter worth about $67,000. AJOVista LLC acquired a new position in Couchbase during the 4th quarter valued at about $74,000. Daiwa Securities Group Inc. bought a new position in Couchbase during the 4th quarter worth approximately $92,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Couchbase by 21.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,698 shares of the company's stock worth $151,000 after buying an additional 1,203 shares during the period. Finally, Corton Capital Inc. acquired a new stake in shares of Couchbase during the third quarter worth about $178,000. 96.07% of the stock is owned by institutional investors.

Couchbase Trading Down 1.1 %

Shares of NASDAQ:BASE traded down $0.30 during trading on Thursday, reaching $26.52. The stock had a trading volume of 248,823 shares, compared to its average volume of 473,037. The firm's 50-day simple moving average is $25.85 and its 200 day simple moving average is $23.74. Couchbase, Inc. has a one year low of $13.97 and a one year high of $32.00. The company has a market capitalization of $1.33 billion, a P/E ratio of -15.68 and a beta of 0.72.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. Couchbase had a negative return on equity of 54.61% and a negative net margin of 44.54%. The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $46.56 million. Equities research analysts forecast that Couchbase, Inc. will post -1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Gregory N. Henry sold 18,747 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total value of $521,916.48. Following the completion of the transaction, the chief financial officer now directly owns 330,652 shares of the company's stock, valued at approximately $9,205,351.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO William Robert Carey sold 4,431 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.90, for a total value of $123,624.90. Following the completion of the sale, the chief accounting officer now directly owns 48,097 shares of the company's stock, valued at $1,341,906.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gregory N. Henry sold 18,747 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.84, for a total transaction of $521,916.48. Following the completion of the sale, the chief financial officer now owns 330,652 shares of the company's stock, valued at approximately $9,205,351.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,228 shares of company stock valued at $1,515,192. Company insiders own 16.10% of the company's stock.

Analyst Ratings Changes

BASE has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Couchbase from $20.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, March 7th. Guggenheim boosted their price target on Couchbase from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Barclays raised their price objective on Couchbase from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 6th. Oppenheimer boosted their price objective on Couchbase from $25.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company increased their price target on Couchbase from $26.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.40.

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.