AQR Capital Management LLC Trims Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

AQR Capital Management LLC cut its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 65.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,949 shares of the company’s stock after selling 89,777 shares during the period. AQR Capital Management LLC owned 0.10% of Couchbase worth $876,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Alpha DNA Investment Management LLC boosted its stake in Couchbase by 13.2% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 22,677 shares of the company’s stock worth $414,000 after purchasing an additional 2,641 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Couchbase in the second quarter valued at about $67,000. Squarepoint Ops LLC boosted its stake in shares of Couchbase by 266.5% during the second quarter. Squarepoint Ops LLC now owns 114,283 shares of the company’s stock worth $2,087,000 after buying an additional 83,104 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Couchbase by 23.4% during the second quarter. Cubist Systematic Strategies LLC now owns 267,292 shares of the company’s stock worth $4,881,000 after buying an additional 50,761 shares during the last quarter. Finally, Hood River Capital Management LLC increased its position in Couchbase by 7.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after acquiring an additional 118,372 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Margaret Chow sold 2,290 shares of Couchbase 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 completion of the transaction, the senior vice president now owns 192,458 shares of the company’s stock, valued at $3,849,160. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Couchbase news, Director Edward T. Anderson purchased 21,080 shares of Couchbase stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the acquisition, the director now directly owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Margaret Chow sold 2,290 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,849,160. 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 29,056 shares of company stock worth $538,135 over the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Couchbase Trading Up 3.1 %

BASE stock opened at $16.09 on Friday. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The company has a market cap of $825.74 million, a P/E ratio of -10.12 and a beta of 0.59. The company’s 50-day moving average price is $16.43 and its 200 day moving average price is $20.07.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $51.60 million for 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%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.44) EPS. On average, equities research analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Analyst Ratings Changes

BASE has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Stifel Nicolaus decreased their price target on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Robert W. Baird dropped their price objective on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Piper Sandler Companies started coverage on shares of Couchbase in a research note on Friday, August 16th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, UBS Group lowered their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.93.

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.