Jacobs Levy Equity Management Inc. Buys 32,078 Shares of Couchbase, Inc. (NASDAQ:BASE)

Jacobs Levy Equity Management Inc. lifted its stake in Couchbase, Inc. (NASDAQ:BASE) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 588,439 shares of the company’s stock after buying an additional 32,078 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.12% of Couchbase worth $9,174,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BASE. Quarry LP bought a new stake in shares of Couchbase in the fourth quarter valued at about $35,000. Daiwa Securities Group Inc. lifted its stake in shares of Couchbase by 22.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock valued at $65,000 after buying an additional 759 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Couchbase by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock valued at $65,000 after buying an additional 807 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Couchbase in the fourth quarter valued at about $112,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Couchbase in the fourth quarter valued at about $165,000. Institutional investors own 96.07% of the company’s stock.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 15,938 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the sale, the senior vice president now owns 427,699 shares of the company’s stock, valued at $6,599,395.57. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 14.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Rosenblatt Securities assumed coverage on shares of Couchbase in a research note on Wednesday, April 9th. They issued a “buy” rating and a $20.00 target price for the company. Royal Bank of Canada cut their price target on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Guggenheim cut their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Wednesday, February 26th. Finally, Piper Sandler cut their price target on shares of Couchbase from $22.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.41.

Couchbase Trading Up 0.4%

NASDAQ BASE opened at $18.16 on Wednesday. The firm has a market cap of $980.29 million, a price-to-earnings ratio of -11.35 and a beta of 0.83. The company has a 50 day moving average of $15.57 and a 200-day moving average of $16.78. Couchbase, Inc. has a 1-year low of $12.78 and a 1-year high of $28.67.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. On average, analysts forecast that Couchbase, Inc. will post -1.48 earnings per share for the current 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.