HRT Financial LP lowered its position in shares of Couchbase, Inc. (NASDAQ:BASE – Get Rating) by 46.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,402 shares of the company’s stock after selling 31,030 shares during the period. HRT Financial LP owned 0.08% of Couchbase worth $482,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. UBS Group AG purchased a new position in Couchbase in the fourth quarter valued at $105,000. Horrell Capital Management Inc. increased its holdings in Couchbase by 66.3% in the fourth quarter. Horrell Capital Management Inc. now owns 133,000 shares of the company’s stock valued at $1,764,000 after buying an additional 53,000 shares during the last quarter. Versor Investments LP purchased a new position in Couchbase in the fourth quarter valued at $317,000. Strs Ohio increased its holdings in Couchbase by 137.1% in the fourth quarter. Strs Ohio now owns 14,700 shares of the company’s stock valued at $194,000 after buying an additional 8,500 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Couchbase in the third quarter valued at $428,000. Hedge funds and other institutional investors own 59.22% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Huw Owen sold 3,150 shares of Couchbase stock in a transaction that occurred on Friday, April 14th. The stock was sold at an average price of $15.51, for a total value of $48,856.50. Following the sale, the senior vice president now directly owns 489,942 shares in the company, valued at $7,599,000.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Huw Owen sold 3,150 shares of the stock in a transaction dated Friday, April 14th. The shares were sold at an average price of $15.51, for a total value of $48,856.50. Following the completion of the transaction, the senior vice president now owns 489,942 shares in the company, valued at approximately $7,599,000.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory N. Henry sold 2,936 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $13.59, for a total transaction of $39,900.24. Following the sale, the chief financial officer now directly owns 276,039 shares in the company, valued at approximately $3,751,370.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,160 shares of company stock worth $242,205. Company insiders own 24.60% of the company’s stock.
Couchbase Price Performance
NASDAQ:BASE opened at $21.03 on Monday. The firm has a market cap of $959.18 million, a price-to-earnings ratio of -13.75 and a beta of 0.58. Couchbase, Inc. has a 1-year low of $10.19 and a 1-year high of $21.10. The firm’s fifty day moving average price is $16.17 and its 200 day moving average price is $14.92.
Couchbase (NASDAQ:BASE – Get Rating) last issued its earnings results on Tuesday, March 7th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.14. The business had revenue of $41.62 million for the quarter, compared to the consensus estimate of $38.21 million. Couchbase had a negative net margin of 44.24% and a negative return on equity of 41.11%. As a group, analysts expect that Couchbase, Inc. will post -1.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Robert W. Baird increased their target price on Couchbase from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Stifel Nicolaus raised their price objective on Couchbase from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Royal Bank of Canada raised their price objective on Couchbase from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. Barclays raised their price objective on Couchbase from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Wednesday, February 15th. Finally, Morgan Stanley raised their price objective on Couchbase from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Couchbase currently has a consensus rating of “Moderate Buy” and an average target price of $19.40.
Couchbase Company Profile
Couchbase, Inc provides a database for enterprise applications worldwide. 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 Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.