SG Americas Securities LLC Trims Stake in Couchbase, Inc. (NASDAQ:BASE)

SG Americas Securities LLC cut its stake in Couchbase, Inc. (NASDAQ:BASE) by 82.8% in the third quarter, HoldingsChannel reports. The fund owned 12,074 shares of the company’s stock after selling 58,167 shares during the period. SG Americas Securities LLC’s holdings in Couchbase were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of BASE. Dana Investment Advisors Inc. lifted its stake in shares of Couchbase by 33.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 74,869 shares of the company’s stock valued at $1,367,000 after purchasing an additional 18,889 shares during the period. Point72 Asset Management L.P. increased its holdings in Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after buying an additional 700 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Couchbase by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock worth $379,000 after acquiring an additional 1,865 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Couchbase during the 2nd quarter worth about $300,000. Finally, EVR Research LP boosted its stake 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 acquiring an additional 179,585 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Couchbase

In other news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction on Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now owns 28,027 shares in the company, valued at $563,342.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Couchbase news, Director Edward T. Anderson acquired 21,080 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the acquisition, the director now owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff Epstein sold 7,277 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $20.10, for a total value of $146,267.70. Following the completion of the transaction, the director now owns 28,027 shares of the company’s stock, valued at $563,342.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,813 shares of company stock worth $313,185 in the last three months. 16.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BASE shares. Barclays raised Couchbase from an “equal weight” rating to an “overweight” rating and set a $19.00 price target for the company in a report on Monday, October 7th. Wells Fargo & Company reduced their target price on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. DA Davidson dropped their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. UBS Group reduced their price objective 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. Finally, Piper Sandler decreased their price objective on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One equities 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Trading Down 2.8 %

Shares of NASDAQ BASE opened at $16.25 on Thursday. The stock has a market cap of $817.54 million, a PE ratio of -9.91 and a beta of 0.59. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00. The company has a 50-day moving average of $16.36 and a 200 day moving average of $19.57.

Couchbase (NASDAQ:BASE) last issued its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The business had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.11 million. During the same period in the previous year, the firm posted ($0.44) EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, sell-side analysts forecast that Couchbase, Inc. will post -1.5 EPS for the current fiscal 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.