Two Sigma Investments LP Sells 14,988 Shares of Couchbase, Inc. (NASDAQ:BASE)

Two Sigma Investments LP lowered its stake in shares of Couchbase, Inc. (NASDAQ:BASE) by 55.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,835 shares of the company’s stock after selling 14,988 shares during the quarter. Two Sigma Investments LP’s holdings in Couchbase were worth $185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in Couchbase in the 4th quarter valued at about $35,000. Daiwa Securities Group Inc. grew its holdings in Couchbase by 22.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after buying an additional 759 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Couchbase by 24.1% in the 4th 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 last quarter. KLP Kapitalforvaltning AS bought a new position in Couchbase during the 4th quarter valued at $112,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Couchbase in the 4th quarter worth $165,000. Institutional investors own 96.07% of the company’s stock.

Couchbase Stock Down 0.6%

Shares of BASE opened at $19.26 on Friday. Couchbase, Inc. has a twelve month low of $12.78 and a twelve month high of $21.54. The stock has a market cap of $1.04 billion, a PE ratio of -12.04 and a beta of 0.82. The business’s 50-day moving average price is $17.31 and its 200-day moving average price is $16.83.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $56.52 million during the quarter, compared to analysts’ expectations of $55.59 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Couchbase’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

BASE has been the topic of a number of recent analyst reports. Guggenheim dropped their price target on shares of Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Barclays dropped their price target on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on Couchbase from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird raised their price objective on shares of Couchbase from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, UBS Group increased their target price on shares of Couchbase from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Couchbase currently has an average rating of “Moderate Buy” and a consensus target price of $21.65.

Insider Buying and Selling at Couchbase

In other news, 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 transaction of $245,923.34. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William Robert Carey sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $19.50, for a total transaction of $44,850.00. Following the completion of the transaction, the chief financial officer now owns 94,780 shares in the company, valued at approximately $1,848,210. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,138 shares of company stock valued at $306,865 in the last three months. Company 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.