Couchbase, Inc. (NASDAQ:BASE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 41.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,155 shares of the company’s stock after selling 43,896 shares during the period. Jane Street Group LLC owned 0.12% of Couchbase worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Couchbase during the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Couchbase during the 2nd quarter worth $67,000. Harbor Capital Advisors Inc. raised its position in shares of Couchbase by 15.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after buying an additional 956 shares during the period. Arizona State Retirement System boosted its holdings in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in 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 last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Stock Performance

Shares of NASDAQ BASE opened at $15.27 on Tuesday. The firm has a market cap of $799.35 million, a price-to-earnings ratio of -9.54 and a beta of 0.71. The business’s 50-day simple moving average is $17.52 and its 200-day simple moving average is $17.27. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Oppenheimer reduced their price objective on Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. DA Davidson restated a “buy” rating and issued a $25.00 price target on shares of Couchbase in a report on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on shares of Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler restated an “overweight” rating and issued a $21.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Couchbase presently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Insider Transactions at Couchbase

In related news, SVP Huw Owen sold 7,575 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.22, for a total transaction of $115,291.50. Following the completion of the transaction, the senior vice president now directly owns 341,709 shares in the company, valued at $5,200,810.98. This represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory N. Henry sold 3,853 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares of the company’s stock, valued at $5,097,320.06. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,240 shares of company stock worth $204,604. Company 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.