Jane Street Group LLC Has $1.02 Million Stake in Couchbase, Inc. (NASDAQ:BASE)

Jane Street Group LLC trimmed its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 41.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,155 shares of the company’s stock after selling 43,896 shares during the period. Jane Street Group LLC’s holdings in Couchbase were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Couchbase in the 2nd quarter worth $47,000. Point72 Hong Kong Ltd bought a new position in shares of Couchbase in the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. boosted its position in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after purchasing an additional 956 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Couchbase by 28.5% in the 2nd 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 during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Couchbase by 5.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after purchasing an additional 700 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total transaction of $58,334.42. Following the completion of the transaction, the chief financial officer now directly owns 336,679 shares of the company’s stock, valued at approximately $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 7,575 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the transaction, the senior vice president now directly owns 341,709 shares of the company’s stock, valued at $5,200,810.98. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,240 shares of company stock worth $204,604. Company insiders own 16.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Piper Sandler restated an “overweight” rating and issued a $21.00 price target on shares of Couchbase in a report on Wednesday, December 4th. UBS Group cut their price target on Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Finally, Oppenheimer cut their price target on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Couchbase Trading Up 0.2 %

BASE opened at $15.27 on Tuesday. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The company has a market capitalization of $799.35 million, a PE ratio of -9.54 and a beta of 0.71. The firm’s 50 day simple moving average is $17.52 and its two-hundred day simple moving average is $17.27.

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.