AlphaQuest LLC Has $47,000 Position in Couchbase, Inc. (NASDAQ:BASE)

AlphaQuest LLC lessened its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 84.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,014 shares of the company’s stock after selling 16,254 shares during the quarter. AlphaQuest LLC’s holdings in Couchbase were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BASE. Charles Schwab Investment Management Inc. increased its holdings in Couchbase by 33.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock valued at $5,951,000 after buying an additional 93,301 shares during the period. Alpha DNA Investment Management LLC boosted its stake in Couchbase by 20.4% during the third quarter. Alpha DNA Investment Management LLC now owns 27,306 shares of the company’s stock worth $440,000 after acquiring an additional 4,629 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Couchbase during the third quarter worth $772,000. Wasatch Advisors LP raised its holdings in Couchbase by 56.4% during the third quarter. Wasatch Advisors LP now owns 990,331 shares of the company’s stock worth $15,964,000 after buying an additional 357,169 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in shares of Couchbase in the third quarter valued at about $1,566,000. 96.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $16.02, for a total value of $47,947.86. Following the completion of the sale, the senior vice president now owns 325,993 shares of the company’s stock, valued at approximately $5,222,407.86. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 51,030 shares of company stock worth $892,581 over the last quarter. Company insiders own 16.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BASE shares. Robert W. Baird reduced their price target on shares of Couchbase from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, December 4th. Barclays lowered their target price on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. DA Davidson reissued a “buy” rating and set a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Royal Bank of Canada decreased their target price on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Piper Sandler lifted their price target on shares of Couchbase from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.19.

Couchbase Price Performance

BASE stock opened at $14.25 on Friday. The company has a market capitalization of $745.96 million, a price-to-earnings ratio of -8.91 and a beta of 0.81. Couchbase, Inc. has a 1-year low of $12.92 and a 1-year high of $28.67. The business has a 50 day simple moving average of $16.92 and a two-hundred day simple moving average of $16.73.

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