Dark Forest Capital Management LP Makes New Investment in Couchbase, Inc. (NASDAQ:BASE)

Dark Forest Capital Management LP bought a new stake in Couchbase, Inc. (NASDAQ:BASE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,590 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its holdings in Couchbase by 22.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,181 shares of the company’s stock worth $65,000 after acquiring an additional 759 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Couchbase by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,161 shares of the company’s stock worth $65,000 after purchasing an additional 807 shares during the period. Ceera Investments LLC grew its stake in shares of Couchbase by 3.0% in the fourth quarter. Ceera Investments LLC now owns 32,920 shares of the company’s stock worth $513,000 after purchasing an additional 960 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Couchbase by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 24,172 shares of the company’s stock valued at $377,000 after purchasing an additional 1,342 shares during the period. Finally, SG Americas Securities LLC raised its position in Couchbase by 12.2% during the 4th quarter. SG Americas Securities LLC now owns 13,546 shares of the company’s stock valued at $211,000 after purchasing an additional 1,472 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Stock Down 0.2 %

Shares of NASDAQ BASE opened at $17.11 on Wednesday. The firm has a market cap of $923.61 million, a P/E ratio of -10.69 and a beta of 0.85. Couchbase, Inc. has a twelve month low of $12.78 and a twelve month high of $28.67. The company has a 50 day moving average of $15.48 and a 200 day moving average of $16.70.

Couchbase (NASDAQ:BASE) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.22). Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $53.25 million. As a group, equities analysts expect that Couchbase, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BASE. Royal Bank of Canada reduced their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. UBS Group decreased their price objective on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Piper Sandler cut their target price on shares of Couchbase from $22.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price objective on shares of Couchbase from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Barclays reduced their target price on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Couchbase has an average rating of “Moderate Buy” and a consensus target price of $21.41.

Insider Activity

In other news, CFO Gregory N. Henry sold 9,820 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.62, for a total transaction of $173,028.40. Following the completion of the transaction, the chief financial officer now directly owns 304,555 shares in the company, valued at approximately $5,366,259.10. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret Chow sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares of the company’s stock, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,658 shares of company stock valued at $709,172 in the last quarter. 16.10% of the stock is currently owned by insiders.

Couchbase Company 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.