Point72 Hong Kong Ltd Purchases Shares of 3,675 Couchbase, Inc. (NASDAQ:BASE)

Point72 Hong Kong Ltd purchased a new position in shares of Couchbase, Inc. (NASDAQ:BASE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,675 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC lifted its position in Couchbase by 346.2% during the first quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock worth $6,928,000 after buying an additional 204,396 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Couchbase during the 1st quarter valued at about $9,059,000. Vanguard Group Inc. lifted its holdings in shares of Couchbase by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after acquiring an additional 227,828 shares during the period. Sei Investments Co. boosted its position in shares of Couchbase by 918.4% in the first quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after acquiring an additional 107,962 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Couchbase by 21.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock valued at $5,002,000 after purchasing an additional 33,754 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.

Analysts Set New Price Targets

BASE has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Couchbase from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. UBS Group reduced their target price on Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Guggenheim reissued a “buy” rating and set a $30.00 price target on shares of Couchbase in a research report on Tuesday, June 25th. Wells Fargo & Company cut their price objective on Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Couchbase in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.93.

Couchbase Price Performance

Shares of BASE stock opened at $15.29 on Friday. Couchbase, Inc. has a 12 month low of $13.53 and a 12 month high of $32.00. The firm has a market capitalization of $784.43 million, a P/E ratio of -9.32 and a beta of 0.61. The company’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $20.95.

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, sell-side analysts anticipate that Couchbase, Inc. will post -1.5 EPS for the current 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.