AQR Capital Management LLC Has $876,000 Stake in Couchbase, Inc. (NASDAQ:BASE)

AQR Capital Management LLC trimmed its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 65.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,949 shares of the company's stock after selling 89,777 shares during the period. AQR Capital Management LLC owned about 0.10% of Couchbase worth $876,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in Couchbase in the 1st quarter worth about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Couchbase during the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new stake in Couchbase during the second quarter worth approximately $67,000. Harbor Capital Advisors Inc. increased its holdings in Couchbase by 23.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company's stock valued at $110,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Couchbase in the first quarter valued at about $225,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BASE shares. Piper Sandler Companies assumed coverage on Couchbase in a research note on Friday, August 16th. They set an "overweight" rating and a $22.00 price objective for the company. Guggenheim reaffirmed a "buy" rating and set a $30.00 target price on shares of Couchbase in a report on Tuesday, June 25th. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price target on shares of Couchbase in a report on Thursday, September 5th. DA Davidson decreased their price objective on shares of Couchbase from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $25.00 price target on shares of Couchbase in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.93.

Couchbase Stock Up 3.1 %

Shares of BASE traded up $0.48 during midday trading on Friday, reaching $16.09. 337,420 shares of the stock were exchanged, compared to its average volume of 504,321. The company has a market cap of $825.74 million, a price-to-earnings ratio of -10.12 and a beta of 0.59. The firm has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $20.03. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00.

Couchbase (NASDAQ:BASE - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. The business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. Couchbase's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) EPS. Research analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Insider Transactions at Couchbase

In other Couchbase news, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total transaction of $179,149.53. Following the transaction, the chief executive officer now owns 776,437 shares in the company, valued at $15,536,504.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Matthew M. Cain sold 8,953 shares of the company's stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the sale, the chief executive officer now directly owns 776,437 shares of the company's stock, valued at approximately $15,536,504.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward T. Anderson bought 21,080 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the purchase, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 29,056 shares of company stock worth $538,135. 16.10% of the stock is owned by corporate insiders.

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.