272 Capital LP Sells 166,047 Shares of Couchbase, Inc. (NASDAQ:BASE)

272 Capital LP decreased its holdings in Couchbase, Inc. (NASDAQ:BASE) by 72.0% in the 4th quarter, HoldingsChannel reports. The firm owned 64,700 shares of the company’s stock after selling 166,047 shares during the quarter. Couchbase accounts for approximately 1.0% of 272 Capital LP’s portfolio, making the stock its 25th largest position. 272 Capital LP’s holdings in Couchbase were worth $1,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hood River Capital Management LLC increased its holdings in shares of Couchbase by 38.2% in the fourth 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. Wasatch Advisors LP increased its stake in shares of Couchbase by 72.0% in the 4th 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 period. Franklin Resources Inc. increased its stake in shares of Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company’s stock valued at $32,569,000 after buying an additional 441,770 shares during the period. Voya Investment Management LLC raised its position in shares of Couchbase by 13.9% during the fourth quarter. Voya Investment Management LLC now owns 1,604,396 shares of the company’s stock worth $25,013,000 after acquiring an additional 195,434 shares during the last quarter. Finally, Vanguard Group Inc. lifted 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 period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on BASE shares. Piper Sandler lowered their price objective on Couchbase from $22.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Barclays lowered their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Rosenblatt Securities began coverage on shares of Couchbase in a report on Wednesday, April 9th. They issued a “buy” rating and a $20.00 price objective on the stock. 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 report on Wednesday, April 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Couchbase in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.41.

Insider Buying and Selling at Couchbase

In related news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the completion of the transaction, the senior vice president now directly owns 133,067 shares in the company, valued at approximately $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory N. Henry sold 9,820 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.62, for a total value of $173,028.40. Following the completion of the sale, the chief financial officer now owns 304,555 shares in the company, valued at $5,366,259.10. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,658 shares of company stock valued at $709,172 in the last 90 days. 16.10% of the stock is currently owned by company insiders.

Couchbase Price Performance

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

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. On average, research analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current year.

Couchbase Company 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.