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

CenterBook Partners LP decreased its position in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 66.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,736 shares of the company's stock after selling 296,809 shares during the period. CenterBook Partners LP owned 0.28% of Couchbase worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased 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. KLP Kapitalforvaltning AS acquired a new position in Couchbase during the 4th quarter valued at about $112,000. ANTIPODES PARTNERS Ltd purchased a new stake in Couchbase in the fourth quarter valued at about $198,000. SG Americas Securities LLC boosted its holdings in Couchbase by 12.2% in 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 in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Couchbase during the fourth quarter worth about $248,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Couchbase Stock Performance

Shares of BASE traded up $0.31 during trading hours on Tuesday, hitting $15.36. The stock had a trading volume of 172,290 shares, compared to its average volume of 563,991. The firm has a 50-day moving average price of $16.10 and a 200 day moving average price of $16.68. Couchbase, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $28.67. The firm has a market capitalization of $815.62 million, a price-to-earnings ratio of -9.60 and a beta of 0.85.

Couchbase (NASDAQ:BASE - Get Free Report) last issued its quarterly earnings data 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). 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 analyst estimates of $53.25 million. As a group, analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Insider Transactions at Couchbase

In other news, CFO Gregory N. Henry sold 9,820 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the transaction, the chief financial officer now directly owns 304,555 shares in the company, valued at $5,366,259.10. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 56,400 shares of company stock valued at $975,265 in the last three months. 16.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on BASE shares. Morgan Stanley decreased their price objective on shares of Couchbase from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, February 26th. Royal Bank of Canada cut their target price on Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Barclays reduced their target price on Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Piper Sandler boosted their price target on Couchbase from $21.00 to $22.00 and gave the company an "overweight" rating in a research note 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 company. According to MarketBeat, Couchbase currently has an average rating of "Moderate Buy" and an average 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.