Couchbase, Inc. (NASDAQ:BASE) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its position in Couchbase, Inc. (NASDAQ:BASE) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,000 shares of the company’s stock after buying an additional 700 shares during the quarter. Point72 Asset Management L.P.’s holdings in Couchbase were worth $237,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock valued at $379,000 after buying an additional 1,865 shares during the period. Dark Forest Capital Management LP acquired a new position in Couchbase in the 2nd quarter valued at $300,000. EVR Research LP increased its stake in Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after buying an additional 179,585 shares during the period. Alpha DNA Investment Management LLC increased its stake in Couchbase by 13.2% in the 2nd quarter. Alpha DNA Investment Management LLC now owns 22,677 shares of the company’s stock valued at $414,000 after buying an additional 2,641 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Couchbase in the 2nd quarter valued at $67,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Couchbase news, SVP Huw Owen sold 6,736 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Margaret Chow sold 2,290 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the transaction, the senior vice president now directly owns 192,458 shares in the company, valued at $3,849,160. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total value of $101,511.52. Following the transaction, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,956 shares of company stock worth $554,506 in the last 90 days. 16.10% of the stock is owned by company insiders.

Couchbase Trading Up 1.9 %

Shares of BASE stock opened at $14.65 on Friday. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The firm has a 50-day moving average price of $16.75 and a 200 day moving average price of $20.51. The company has a market capitalization of $737.04 million, a price-to-earnings ratio of -8.93 and a beta of 0.59.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) EPS. As a group, research analysts predict that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BASE has been the topic of several research analyst reports. Stifel Nicolaus decreased their target price on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Piper Sandler decreased their target price on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company decreased their target price on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Barclays decreased their price objective on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, Robert W. Baird decreased their price objective on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

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.