Jane Street Group LLC Has $1.02 Million Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

Jane Street Group LLC trimmed its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 41.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,155 shares of the company's stock after selling 43,896 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of Couchbase worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Couchbase during the second quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Couchbase during the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company's stock valued at $112,000 after acquiring an additional 956 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock valued at $201,000 after purchasing an additional 2,445 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock valued at $237,000 after purchasing an additional 700 shares during the period. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Couchbase from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. Oppenheimer lowered their price target on Couchbase from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of Couchbase in a research note on Wednesday, December 4th. Barclays increased their target price on shares of Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, DA Davidson reissued a "buy" rating and issued a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.13.

Insider Activity at Couchbase

In related news, CFO Gregory N. Henry sold 3,853 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the transaction, the chief financial officer now directly owns 336,679 shares of the company's stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Huw Owen sold 7,575 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, the senior vice president now owns 341,709 shares in the company, valued at approximately $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,240 shares of company stock valued at $204,604. Corporate insiders own 16.10% of the company's stock.

Couchbase Price Performance

Shares of BASE traded up $0.32 during mid-day trading on Tuesday, hitting $15.59. 349,253 shares of the company's stock were exchanged, compared to its average volume of 483,913. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The company has a market cap of $816.11 million, a PE ratio of -9.74 and a beta of 0.71. The company has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $17.25.

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.