Quarry LP Purchases New Position in Couchbase, Inc. (NASDAQ:BASE)

Quarry LP purchased a new stake in shares of Couchbase, Inc. (NASDAQ:BASE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,245 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Couchbase by 242.9% during the third quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after buying an additional 53,555 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Couchbase by 27.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company’s stock worth $27,379,000 after acquiring an additional 353,233 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Couchbase by 169.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after acquiring an additional 120,975 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Couchbase by 12.2% in the fourth quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Couchbase by 26.2% during the fourth quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock valued at $1,001,000 after purchasing an additional 13,345 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Couchbase

In related news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total value of $173,028.40. Following the sale, the chief financial officer now owns 304,555 shares in the company, valued at approximately $5,366,259.10. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Huw Owen sold 15,938 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $15.43, for a total value of $245,923.34. Following the transaction, the senior vice president now owns 427,699 shares of the company’s stock, valued at approximately $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,658 shares of company stock valued at $709,172 in the last three months. Company insiders own 16.10% of the company’s stock.

Analyst Ratings Changes

BASE has been the subject of a number of recent analyst reports. Rosenblatt Securities started coverage on shares of Couchbase in a research report on Wednesday, April 9th. They issued a “buy” rating and a $20.00 price objective for the company. Piper Sandler dropped their price target on Couchbase from $22.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Guggenheim cut their price objective on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. UBS Group decreased their target price on Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price target on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.41.

Couchbase Stock Performance

NASDAQ:BASE opened at $17.59 on Friday. The business’s fifty day moving average is $15.53 and its 200 day moving average is $16.73. The firm has a market cap of $949.53 million, a price-to-earnings ratio of -10.99 and a beta of 0.85. Couchbase, Inc. has a 52-week low of $12.78 and a 52-week high of $28.67.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities analysts predict that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

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.