CenterBook Partners LP Sells 296,809 Shares of Couchbase, Inc. (NASDAQ:BASE)

CenterBook Partners LP trimmed its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 66.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,736 shares of the company’s stock after selling 296,809 shares during the quarter. CenterBook Partners LP owned 0.28% of Couchbase worth $2,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BASE. Vanguard Group Inc. grew its stake in shares of Couchbase by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock worth $79,916,000 after purchasing an additional 164,563 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Couchbase by 26.8% during the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock worth $32,569,000 after buying an additional 441,770 shares during the period. Geode Capital Management LLC grew its position in shares of Couchbase by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 952,361 shares of the company’s stock valued at $14,851,000 after buying an additional 7,914 shares during the last quarter. Pembroke Management LTD increased its stake in shares of Couchbase by 12.2% in the fourth quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock valued at $14,013,000 after buying an additional 98,061 shares during the period. Finally, State Street Corp raised its position in shares of Couchbase by 4.1% during the third quarter. State Street Corp now owns 850,515 shares of the company’s stock worth $13,710,000 after acquiring an additional 33,294 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total value of $274,650.00. Following the completion of the sale, the senior vice president now directly owns 133,067 shares of the company’s stock, valued at approximately $2,436,456.77. This represents a 10.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Huw Owen sold 15,938 shares of Couchbase stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total transaction of $245,923.34. Following the transaction, the senior vice president now directly owns 427,699 shares in the company, valued at $6,599,395.57. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,400 shares of company stock worth $975,265 over the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Couchbase Trading Up 16.4 %

NASDAQ BASE opened at $15.64 on Thursday. The company has a market cap of $830.48 million, a P/E ratio of -9.78 and a beta of 0.85. The company has a fifty day simple moving average of $16.30 and a 200 day simple moving average of $16.66. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $28.67.

Couchbase (NASDAQ:BASE) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22). Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Sell-side analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

Analyst Upgrades and Downgrades

BASE has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Couchbase from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group decreased their price objective on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. UBS Group dropped their target price on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Rosenblatt Securities began coverage on shares of Couchbase in a research report on Wednesday. They set a “buy” rating and a $20.00 price target on the stock. Finally, Piper Sandler boosted their price objective on Couchbase from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.06.

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.