Couchbase, Inc. (NASDAQ:BASE) Shares Sold by 272 Capital LP

272 Capital LP trimmed its holdings in Couchbase, Inc. (NASDAQ:BASE) by 72.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,700 shares of the company’s stock after selling 166,047 shares during the period. Couchbase accounts for about 1.0% of 272 Capital LP’s investment portfolio, making the stock its 25th largest position. 272 Capital LP owned about 0.12% of Couchbase worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Couchbase by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company’s stock valued at $79,916,000 after acquiring an additional 164,563 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Couchbase by 38.2% in the 4th quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company’s stock valued at $42,693,000 after purchasing an additional 756,394 shares in the last quarter. EVR Research LP boosted its stake in shares of Couchbase by 2.0% during the 4th quarter. EVR Research LP now owns 2,590,000 shares of the company’s stock worth $40,378,000 after purchasing an additional 50,000 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Couchbase by 26.8% during the fourth 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 in the last quarter. Finally, Wasatch Advisors LP raised its position in shares of Couchbase by 72.0% in the fourth quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company’s stock valued at $26,554,000 after buying an additional 712,936 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BASE has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Couchbase from $23.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Guggenheim dropped their target price on Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Rosenblatt Securities initiated coverage on Couchbase in a research note on Wednesday, April 9th. They issued a “buy” rating and a $20.00 price target on the stock. Barclays dropped their price objective on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.41.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,658 shares of company stock valued at $709,172 over the last quarter. 16.10% of the stock is owned by company insiders.

Couchbase Trading Up 1.1 %

Shares of NASDAQ:BASE opened at $17.84 on Friday. The business’s 50 day moving average is $15.50 and its 200-day moving average is $16.72. The firm has a market capitalization of $963.02 million, a PE ratio of -11.15 and a beta of 0.85. Couchbase, Inc. has a 1-year low of $12.78 and a 1-year high of $28.67.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $53.25 million. On average, sell-side analysts predict that Couchbase, Inc. will post -1.48 EPS for the current year.

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.