Alpha DNA Investment Management LLC Raises Position in Couchbase, Inc. (NASDAQ:BASE)

Alpha DNA Investment Management LLC increased its holdings in Couchbase, Inc. (NASDAQ:BASE) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,677 shares of the company’s stock after purchasing an additional 2,641 shares during the period. Alpha DNA Investment Management LLC’s holdings in Couchbase were worth $414,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Couchbase in the 1st quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in Couchbase in the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Couchbase during the second quarter worth approximately $67,000. StepStone Group LP purchased a new position in Couchbase during the fourth quarter worth approximately $133,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Couchbase by 23.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock valued at $110,000 after purchasing an additional 1,125 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Couchbase

In other Couchbase news, CEO Matthew M. Cain sold 8,953 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $20.01, for a total transaction of $179,149.53. Following the completion of the transaction, the chief executive officer now directly owns 776,437 shares of the company’s stock, valued at approximately $15,536,504.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Couchbase news, SVP Margaret Chow sold 2,290 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the sale, the senior vice president now owns 192,458 shares in the company, valued at $3,849,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew M. Cain sold 8,953 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.01, for a total value of $179,149.53. Following the transaction, the chief executive officer now directly owns 776,437 shares in the company, valued at approximately $15,536,504.37. The disclosure for this sale can be found here. Insiders have sold 21,220 shares of company stock valued at $422,094 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Couchbase in a research report on Thursday, September 5th. Morgan Stanley cut their price objective on Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Guggenheim reiterated a “buy” rating and set a $30.00 target price on shares of Couchbase in a report on Tuesday, June 25th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Thursday, September 5th. Finally, Wells Fargo & Company reduced their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and an average target price of $22.93.

Couchbase Price Performance

Shares of Couchbase stock opened at $14.47 on Thursday. Couchbase, Inc. has a 1-year low of $13.53 and a 1-year high of $32.00. The business has a 50-day moving average of $17.31 and a 200-day moving average of $21.07. The company has a market capitalization of $742.60 million, a PE ratio of -8.82 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.11 million. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. Couchbase’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.44) EPS. On average, equities analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

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.