ExodusPoint Capital Management LP Acquires New Position in Couchbase, Inc. (NASDAQ:BASE)

ExodusPoint Capital Management LP acquired a new position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,842 shares of the company's stock, valued at approximately $793,000. ExodusPoint Capital Management LP owned 0.10% of Couchbase at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BASE. Daiwa Securities Group Inc. lifted its position in Couchbase by 22.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company's stock worth $65,000 after acquiring an additional 759 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Couchbase during the fourth quarter worth about $112,000. ANTIPODES PARTNERS Ltd purchased a new stake in Couchbase in the fourth quarter valued at approximately $198,000. SG Americas Securities LLC increased its holdings in Couchbase by 12.2% in the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company's stock worth $211,000 after buying an additional 1,472 shares during the period. Finally, Olympiad Research LP acquired a new stake in Couchbase during the 4th quarter valued at approximately $248,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 14,742 shares of Couchbase stock in a transaction on Friday, January 24th. The stock was sold at an average price of $18.05, for a total value of $266,093.10. Following the sale, the senior vice president now owns 311,251 shares in the company, valued at $5,618,080.55. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated 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 directly owns 133,067 shares of the company's stock, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,400 shares of company stock valued at $975,265. Insiders own 16.10% of the company's stock.

Couchbase Price Performance

NASDAQ BASE traded down $0.45 during mid-day trading on Wednesday, hitting $14.62. The stock had a trading volume of 81,799 shares, compared to its average volume of 567,031. Couchbase, Inc. has a twelve month low of $12.78 and a twelve month high of $28.67. The firm's 50 day moving average is $16.03 and its 200 day moving average is $16.66. The stock has a market capitalization of $776.32 million, a price-to-earnings ratio of -9.13 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its quarterly 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 business had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. As a group, equities research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. 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 report on Wednesday, February 26th. Barclays decreased their price objective on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company dropped their target price on Couchbase from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. Finally, UBS Group lowered their price target on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.06.

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.