Quest Partners LLC Has $311,000 Stock Holdings in Couchbase, Inc. (NASDAQ:BASE)

Quest Partners LLC decreased its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 22.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,268 shares of the company’s stock after selling 5,672 shares during the period. Quest Partners LLC’s holdings in Couchbase were worth $311,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BASE. Vanguard Group Inc. raised its holdings in Couchbase by 6.0% during the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after buying an additional 227,828 shares during the last quarter. EVR Research LP raised its holdings in shares of Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after purchasing an additional 179,585 shares during the last quarter. Pembroke Management LTD raised its holdings in shares of Couchbase by 18.1% in the second quarter. Pembroke Management LTD now owns 809,876 shares of the company’s stock valued at $14,788,000 after purchasing an additional 123,927 shares during the last quarter. Hood River Capital Management LLC raised its holdings in shares of Couchbase by 7.8% in the second quarter. Hood River Capital Management LLC now owns 1,629,893 shares of the company’s stock valued at $29,762,000 after purchasing an additional 118,372 shares during the last quarter. Finally, Horrell Capital Management Inc. raised its holdings in shares of Couchbase by 64.3% in the third quarter. Horrell Capital Management Inc. now owns 230,000 shares of the company’s stock valued at $3,708,000 after purchasing an additional 90,000 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Couchbase Stock Down 1.4 %

Shares of NASDAQ:BASE opened at $20.64 on Tuesday. The firm has a market capitalization of $1.06 billion, a PE ratio of -12.98 and a beta of 0.59. Couchbase, Inc. has a twelve month low of $13.53 and a twelve month high of $32.00. The company has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $18.45.

Couchbase (NASDAQ:BASE) last issued its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.44) earnings per share. Analysts anticipate that Couchbase, Inc. will post -1.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 373,647 shares in the company, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward T. Anderson acquired 21,080 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was purchased at an average price of $14.16 per share, with a total value of $298,492.80. Following the completion of the transaction, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This trade represents a 32.52 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 11,448 shares of company stock worth $180,742 over the last quarter. 16.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Couchbase in a report on Thursday, September 5th. Wedbush assumed coverage on shares of Couchbase in a report on Thursday, October 17th. They issued an “outperform” rating and a $26.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Couchbase in a report on Thursday, September 5th. Wells Fargo & Company reduced their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Finally, Robert W. Baird reduced their price target on shares of Couchbase from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.40.

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.