Quantbot Technologies LP Cuts Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

Quantbot Technologies LP lowered its stake in shares of Couchbase, Inc. (NASDAQ:BASE - Free Report) by 75.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,224 shares of the company's stock after selling 34,232 shares during the period. Quantbot Technologies LP's holdings in Couchbase were worth $181,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Couchbase during the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd purchased a new stake in shares of Couchbase in the second quarter valued at approximately $67,000. Harbor Capital Advisors Inc. boosted its position in Couchbase by 23.0% during the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company's stock worth $110,000 after purchasing an additional 1,125 shares in the last quarter. Arizona State Retirement System boosted its position in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock worth $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company's stock worth $237,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Stock Performance

NASDAQ:BASE traded down $0.09 on Friday, hitting $16.38. The stock had a trading volume of 801,022 shares, compared to its average volume of 486,482. The stock has a market cap of $840.69 million, a P/E ratio of -10.29 and a beta of 0.71. Couchbase, Inc. has a 1 year low of $13.53 and a 1 year high of $32.00. The firm's fifty day simple moving average is $17.57 and its two-hundred day simple moving average is $18.18.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.01%. The business's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) EPS. Equities research analysts predict that Couchbase, Inc. will post -1.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on BASE. DA Davidson reiterated a "buy" rating and issued a $25.00 target price on shares of Couchbase in a research note on Wednesday. UBS Group dropped their price objective on Couchbase from $24.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Piper Sandler Companies initiated coverage on Couchbase in a report on Friday, August 16th. They set an "overweight" rating and a $22.00 price target on the stock. Stifel Nicolaus boosted their target price on Couchbase from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price target on shares of Couchbase in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Buying and Selling at Couchbase

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