Nebula Research & Development LLC Decreases Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Nebula Research & Development LLC decreased its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,673 shares of the company's stock after selling 39,529 shares during the quarter. Nebula Research & Development LLC owned 0.06% of Couchbase worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. grew its position in shares of Couchbase by 22.2% during the fourth 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. Summit Investment Advisors Inc. grew its holdings in Couchbase by 24.1% during 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 in the last quarter. Ceera Investments LLC raised its position in shares of Couchbase by 3.0% during the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company's stock valued at $513,000 after buying an additional 960 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Couchbase by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,172 shares of the company's stock worth $377,000 after buying an additional 1,342 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Couchbase by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after acquiring an additional 1,472 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Margaret Chow sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares in the company, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 15,938 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the transaction, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.10% of the company's stock.

Couchbase Price Performance

Shares of NASDAQ:BASE traded up $0.04 during trading hours on Monday, hitting $17.63. 75,365 shares of the company's stock traded hands, compared to its average volume of 584,587. The business has a fifty day moving average price of $15.53 and a 200-day moving average price of $16.73. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $28.67. The firm has a market capitalization of $951.42 million, a P/E ratio of -11.01 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. As a group, equities analysts predict that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada decreased their price target on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Guggenheim decreased their target price on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Barclays cut their price target on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Finally, Rosenblatt Securities initiated coverage on shares of Couchbase in a report on Wednesday, April 9th. They issued a "buy" rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.41.

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.