PDT Partners LLC Has $408,000 Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

PDT Partners LLC lessened its holdings in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 70.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,280 shares of the company's stock after selling 60,177 shares during the period. PDT Partners LLC's holdings in Couchbase were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BASE. EVR Research LP increased its holdings in shares of Couchbase by 9.4% during the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company's stock worth $38,010,000 after purchasing an additional 179,585 shares during the period. Hood River Capital Management LLC increased its holdings in shares of Couchbase by 7.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company's stock worth $29,762,000 after purchasing an additional 118,372 shares during the period. Pembroke Management LTD increased its holdings in shares of Couchbase by 18.1% during the 2nd quarter. Pembroke Management LTD now owns 809,876 shares of the company's stock worth $14,788,000 after purchasing an additional 123,927 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company's stock worth $5,951,000 after purchasing an additional 93,301 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Couchbase by 17.6% during the 2nd quarter. Acadian Asset Management LLC now owns 309,737 shares of the company's stock worth $5,653,000 after purchasing an additional 46,298 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

BASE has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on shares of Couchbase from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Couchbase from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday. DA Davidson reissued a "buy" rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $22.00 target price on shares of Couchbase in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.27.

Couchbase Price Performance

BASE stock traded down $4.63 during trading hours on Wednesday, reaching $16.49. The stock had a trading volume of 2,383,959 shares, compared to its average volume of 482,934. The stock has a market capitalization of $846.27 million, a PE ratio of -10.43 and a beta of 0.71. The stock has a 50-day simple moving average of $17.50 and a 200 day simple moving average of $18.20. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to analysts' expectations of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. Couchbase's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.44) EPS. On average, sell-side analysts forecast that Couchbase, Inc. will post -1.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Edward T. Anderson bought 21,080 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $14.16 per share, with a total value of $298,492.80. Following the acquisition, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares in the company, valued at $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,548 shares of company stock worth $163,390 in the last quarter. 16.10% of the stock is currently owned by corporate insiders.

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.