Couchbase, Inc. (NASDAQ:BASE) Shares Sold by Solel Partners LP

Solel Partners LP decreased its position in shares of Couchbase, Inc. (NASDAQ:BASE) by 31.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 883,138 shares of the company’s stock after selling 409,375 shares during the period. Couchbase accounts for approximately 2.6% of Solel Partners LP’s portfolio, making the stock its 15th biggest holding. Solel Partners LP owned about 1.76% of Couchbase worth $16,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Couchbase by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 250,472 shares of the company’s stock valued at $5,641,000 after purchasing an additional 19,256 shares during the period. Circumference Group LLC acquired a new stake in shares of Couchbase during the fourth quarter worth about $4,504,000. CenterBook Partners LP purchased a new position in shares of Couchbase during the fourth quarter worth about $869,000. StepStone Group LP acquired a new position in Couchbase in the 4th quarter valued at about $133,000. Finally, Board of Trustees of The Leland Stanford Junior University purchased a new stake in Couchbase during the 4th quarter valued at approximately $635,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Trading Up 2.3 %

Shares of Couchbase stock opened at $13.99 on Tuesday. The company has a 50-day moving average of $17.47 and a two-hundred day moving average of $21.22. The stock has a market cap of $703.84 million, a PE ratio of -8.53 and a beta of 0.61. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Robert W. Baird lowered their target price on Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Couchbase in a report on Tuesday, June 25th. The Goldman Sachs Group cut shares of Couchbase from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $30.00 to $18.00 in a research note on Thursday, June 6th. Barclays cut their price objective on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, Oppenheimer dropped their price target on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Couchbase has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Insider Buying and Selling

In other Couchbase news, Director Edward T. Anderson bought 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Edward T. Anderson purchased 21,080 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the transaction, the director now owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Epstein sold 7,277 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $20.10, for a total transaction of $146,267.70. Following the completion of the transaction, the director now owns 28,027 shares in the company, valued at $563,342.70. The disclosure for this sale can be found here. Insiders have sold 21,220 shares of company stock worth $422,094 in the last three months. Corporate insiders own 16.10% of the company’s stock.

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.