SG Americas Securities LLC Sells 58,167 Shares of Couchbase, Inc. (NASDAQ:BASE)

SG Americas Securities LLC decreased its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 82.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,074 shares of the company's stock after selling 58,167 shares during the period. SG Americas Securities LLC's holdings in Couchbase were worth $195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company's stock valued at $106,014,000 after acquiring an additional 227,828 shares during the period. EVR Research LP grew its stake in shares of Couchbase by 9.4% during the second quarter. EVR Research LP now owns 2,081,585 shares of the company's stock valued at $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Couchbase by 7.8% in the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock valued at $29,762,000 after buying an additional 118,372 shares during the period. Pembroke Management LTD lifted its holdings in Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock valued at $14,788,000 after buying an additional 123,927 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Couchbase in the first quarter worth $9,059,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Price Performance

Couchbase stock traded down $0.10 during trading hours on Thursday, hitting $16.15. The company had a trading volume of 211,322 shares, compared to its average volume of 498,979. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00. The firm has a 50-day moving average of $16.33 and a 200 day moving average of $19.54. The firm has a market cap of $812.51 million, a PE ratio of -9.85 and a beta of 0.59.

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, topping the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million for the quarter, compared to analysts' expectations of $51.11 million. During the same period in the previous year, the company earned ($0.44) earnings per share. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, research analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BASE. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Couchbase in a research report on Thursday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price target on shares of Couchbase in a report on Thursday, September 5th. Wells Fargo & Company dropped their target price on shares of Couchbase from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th. Piper Sandler lowered their target price on shares of Couchbase from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. Finally, Morgan Stanley lowered their target price on shares of Couchbase from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.13.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Couchbase news, SVP Huw Owen sold 6,736 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company's stock, valued at $5,630,860.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Epstein sold 7,277 shares of the firm's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $20.10, for a total value of $146,267.70. Following the completion of the sale, the director now directly owns 28,027 shares of the company's stock, valued at $563,342.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,813 shares of company stock worth $313,185. Company insiders own 16.10% of the company's stock.

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.