Greenwood Capital Associates LLC Sells 742 Shares of Couchbase, Inc. (NASDAQ:BASE)

Greenwood Capital Associates LLC lessened its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,353 shares of the company’s stock after selling 742 shares during the period. Greenwood Capital Associates LLC’s holdings in Couchbase were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BASE. Quantbot Technologies LP raised its holdings in shares of Couchbase by 52.3% in the first quarter. Quantbot Technologies LP now owns 19,028 shares of the company’s stock valued at $501,000 after acquiring an additional 6,534 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in Couchbase by 68.5% during the first quarter. ClariVest Asset Management LLC now owns 77,334 shares of the company’s stock valued at $2,035,000 after buying an additional 31,452 shares during the period. Swiss National Bank raised its stake in Couchbase by 2.3% in the first quarter. Swiss National Bank now owns 61,700 shares of the company’s stock worth $1,623,000 after buying an additional 1,400 shares in the last quarter. Sei Investments Co. lifted its holdings in Couchbase by 918.4% during the first quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after buying an additional 107,962 shares during the period. Finally, ProShare Advisors LLC purchased a new position in shares of Couchbase in the 1st quarter valued at $230,000. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BASE shares. Robert W. Baird reduced their target price on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Morgan Stanley lowered their price objective on Couchbase from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Couchbase in a research report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Couchbase in a research note on Thursday, September 5th. Finally, Stifel Nicolaus cut their price objective on shares of Couchbase from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Insider Transactions at Couchbase

In related news, Director Edward T. Anderson bought 21,080 shares of the stock in a transaction on Thursday, September 19th. The shares were purchased 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 in the company, valued at $1,216,372.32. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Edward T. Anderson purchased 21,080 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $14.16 per share, with a total value of $298,492.80. Following the purchase, the director now directly owns 85,902 shares of the company’s stock, valued at approximately $1,216,372.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Huw Owen sold 6,736 shares of Couchbase stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,536 shares of company stock valued at $164,326 in the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Couchbase Stock Up 5.0 %

NASDAQ:BASE opened at $16.72 on Wednesday. The firm’s fifty day simple moving average is $16.01 and its 200-day simple moving average is $19.03. The stock has a market cap of $858.07 million, a PE ratio of -10.52 and a beta of 0.59. Couchbase, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $32.00.

Couchbase (NASDAQ:BASE) last posted its 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 company had revenue of $51.60 million for the quarter, compared to analyst estimates 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 was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.44) earnings per share. Equities analysts anticipate that Couchbase, Inc. will post -1.51 earnings per share 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.