Quest Partners LLC Sells 5,672 Shares of Couchbase, Inc. (NASDAQ:BASE)

Quest Partners LLC reduced its position in Couchbase, Inc. (NASDAQ:BASE) by 22.7% in the third quarter, Holdings Channel.com reports. The fund owned 19,268 shares of the company’s stock after selling 5,672 shares during the quarter. Quest Partners LLC’s holdings in Couchbase were worth $311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Couchbase in the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new stake in Couchbase in the second quarter valued at approximately $67,000. Harbor Capital Advisors Inc. raised its stake in Couchbase by 23.0% in the second 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 in the last quarter. Arizona State Retirement System raised its stake in Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Couchbase in the first quarter valued at approximately $230,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Couchbase

In related news, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares in the company, valued at $5,630,860.29. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward T. Anderson purchased 21,080 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $14.16 per share, for a total transaction of $298,492.80. Following the acquisition, the director now owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 11,448 shares of company stock worth $180,742 over the last quarter. 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. Oppenheimer lowered their target price on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Robert W. Baird decreased their price target on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Piper Sandler decreased their price target on shares of Couchbase from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Thursday, September 5th. Finally, DA Davidson decreased their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.40.

Couchbase Stock Performance

Shares of Couchbase stock opened at $20.64 on Tuesday. Couchbase, Inc. has a 52-week low of $13.53 and a 52-week high of $32.00. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -12.98 and a beta of 0.59. The company’s 50 day moving average price is $16.72 and its 200-day moving average price is $18.45.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. The business had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.44) earnings per share. As a group, equities research analysts forecast that Couchbase, Inc. will post -1.51 earnings per share for the current fiscal year.

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.