Two Sigma Advisers LP Increases Position in Couchbase, Inc. (NASDAQ:BASE)

Two Sigma Advisers LP raised its holdings in Couchbase, Inc. (NASDAQ:BASE) by 32.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,800 shares of the company’s stock after purchasing an additional 11,700 shares during the quarter. Two Sigma Advisers LP owned 0.09% of Couchbase worth $745,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position 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 worth $211,000 after acquiring an additional 1,472 shares during the period. Rhumbline Advisers lifted its stake in Couchbase by 26.2% in the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock worth $1,001,000 after purchasing an additional 13,345 shares in the last quarter. Pembroke Management LTD lifted its stake in Couchbase by 12.2% in the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company’s stock worth $14,013,000 after purchasing an additional 98,061 shares in the last quarter. Maytree Asset Management Ltd acquired a new stake in shares of Couchbase during the 4th quarter worth approximately $376,000. Finally, Olympiad Research LP acquired a new stake in shares of Couchbase during the 4th quarter worth approximately $248,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Couchbase Stock Performance

Shares of BASE opened at $18.35 on Tuesday. The company has a market capitalization of $990.55 million, a price-to-earnings ratio of -11.47 and a beta of 0.83. The company’s 50 day simple moving average is $16.67 and its 200 day simple moving average is $16.84. Couchbase, Inc. has a 1 year low of $12.78 and a 1 year high of $23.11.

Analyst Ratings Changes

Several brokerages have commented on BASE. Barclays decreased their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of Couchbase from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Finally, UBS Group lowered their target price on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.41.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 15,938 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 14.80% of the company’s stock.

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.