Couchbase, Inc. (NASDAQ:BASE) Shares Sold by Solel Partners LP

Solel Partners LP lowered its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,947,867 shares of the company's stock after selling 40,771 shares during the period. Couchbase accounts for about 5.9% of Solel Partners LP's holdings, making the stock its 7th biggest position. Solel Partners LP owned approximately 3.72% of Couchbase worth $30,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BASE. Vanguard Group Inc. increased its position in shares of Couchbase by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock valued at $79,916,000 after acquiring an additional 164,563 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after buying an additional 756,394 shares during the last quarter. EVR Research LP boosted its stake in Couchbase by 2.0% in the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company's stock valued at $40,378,000 after acquiring an additional 50,000 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Couchbase by 26.8% during the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock valued at $32,569,000 after acquiring an additional 441,770 shares during the period. Finally, Wasatch Advisors LP raised its holdings in shares of Couchbase by 72.0% in the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after purchasing an additional 712,936 shares during the period. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

BASE has been the subject of several recent research reports. Royal Bank of Canada reduced their target price on shares of Couchbase from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley reduced their price target on Couchbase from $23.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler cut their target price on Couchbase from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. UBS Group cut their price objective on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.41.

Insider Activity

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

Couchbase Stock Performance

BASE traded down $0.12 on Monday, hitting $17.47. 408,812 shares of the company were exchanged, compared to its average volume of 585,841. The firm has a fifty day simple moving average of $15.53 and a two-hundred day simple moving average of $16.73. The stock has a market capitalization of $943.05 million, a PE ratio of -10.92 and a beta of 0.83. Couchbase, Inc. has a 12 month low of $12.78 and a 12 month high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, equities analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

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.