Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by EVR Research LP

EVR Research LP boosted its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,081,585 shares of the company’s stock after purchasing an additional 179,585 shares during the period. Couchbase makes up approximately 11.4% of EVR Research LP’s holdings, making the stock its biggest position. EVR Research LP’s holdings in Couchbase were worth $38,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BASE. Alpha DNA Investment Management LLC lifted its position in shares of Couchbase by 13.2% in the 2nd quarter. Alpha DNA Investment Management LLC now owns 22,677 shares of the company’s stock valued at $414,000 after acquiring an additional 2,641 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Couchbase in the 2nd quarter valued at approximately $67,000. Squarepoint Ops LLC lifted its position in shares of Couchbase by 266.5% in the 2nd quarter. Squarepoint Ops LLC now owns 114,283 shares of the company’s stock valued at $2,087,000 after acquiring an additional 83,104 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Couchbase by 23.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 267,292 shares of the company’s stock valued at $4,881,000 after acquiring an additional 50,761 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of Couchbase by 7.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after acquiring an additional 118,372 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group reduced their price target on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Piper Sandler Companies started coverage on shares of Couchbase in a research note on Friday, August 16th. They issued an “overweight” rating and a $22.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Couchbase in a research note on Tuesday, June 25th. Piper Sandler dropped their price objective on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Insider Buying and Selling at Couchbase

In related news, Director Edward T. Anderson purchased 21,080 shares of Couchbase stock in a transaction on 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 acquisition, the director now directly owns 85,902 shares in the company, valued at $1,216,372.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Margaret Chow sold 2,290 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.00, for a total value of $45,800.00. Following the sale, the senior vice president now owns 192,458 shares of the company’s stock, valued at $3,849,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward T. Anderson bought 21,080 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the purchase, the director now owns 85,902 shares of the company’s stock, valued at $1,216,372.32. The disclosure for this purchase can be found here. Insiders sold a total of 21,220 shares of company stock valued at $422,094 in the last ninety days. Company insiders own 16.10% of the company’s stock.

Couchbase Trading Down 0.8 %

NASDAQ:BASE opened at $14.47 on Thursday. 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 $17.31 and its 200 day simple moving average is $21.07. The firm has a market capitalization of $742.60 million, a PE ratio of -8.82 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last posted its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $51.11 million. During the same period last year, the business posted ($0.44) EPS. Couchbase’s revenue was up 19.7% compared to the same quarter last year. As a group, analysts anticipate that Couchbase, Inc. will post -1.5 EPS for the current fiscal year.

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.