SG Americas Securities LLC Sells 58,167 Shares of Couchbase, Inc. (NASDAQ:BASE)

SG Americas Securities LLC trimmed its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 82.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,074 shares of the company’s stock after selling 58,167 shares during the quarter. SG Americas Securities LLC’s holdings in Couchbase were worth $195,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its position in shares of Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares during the period. NBC Securities Inc. purchased a new stake in shares of Couchbase in the first quarter valued at approximately $26,000. Harbor Capital Advisors Inc. grew its stake in Couchbase by 23.0% in the second quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after purchasing an additional 1,125 shares in the last quarter. Swiss National Bank raised its position in Couchbase by 2.3% during the 1st quarter. Swiss National Bank now owns 61,700 shares of the company’s stock valued at $1,623,000 after purchasing an additional 1,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Couchbase by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the company’s stock worth $379,000 after buying an additional 1,865 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer decreased their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus lowered their price target on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Wedbush started coverage on shares of Couchbase in a report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research note on Thursday, September 5th. Finally, Piper Sandler dropped their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Couchbase currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Couchbase Stock Performance

Shares of BASE stock opened at $16.25 on Thursday. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The firm has a market capitalization of $817.54 million, a price-to-earnings ratio of -9.91 and a beta of 0.59. The stock’s 50-day simple moving average is $16.36 and its 200-day simple moving average is $19.57.

Couchbase (NASDAQ:BASE) last released its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million for 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%. Couchbase’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.44) EPS. As a group, equities analysts forecast that Couchbase, Inc. will post -1.5 earnings per share for the current year.

Insider Activity at Couchbase

In other Couchbase news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the completion of the sale, the director now owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Couchbase news, Director Edward T. Anderson acquired 21,080 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the completion of the purchase, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Epstein sold 7,277 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now directly owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,813 shares of company stock valued at $313,185 in the last ninety days. Company insiders own 16.10% of the company’s stock.

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.