Alpha DNA Investment Management LLC Has $440,000 Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Alpha DNA Investment Management LLC raised its stake in Couchbase, Inc. (NASDAQ:BASE) by 20.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 27,306 shares of the company’s stock after buying an additional 4,629 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Couchbase were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Couchbase by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock worth $106,014,000 after purchasing an additional 227,828 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Couchbase by 21.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 190,103 shares of the company’s stock valued at $5,002,000 after buying an additional 33,754 shares during the period. Horrell Capital Management Inc. boosted its stake in 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 acquiring an additional 90,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Couchbase by 34.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,149 shares of the company’s stock valued at $2,997,000 after acquiring an additional 42,434 shares during the last quarter. Finally, EVR Research LP raised its position in shares of Couchbase by 9.4% in the 2nd quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock valued at $38,010,000 after acquiring an additional 179,585 shares during the period. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BASE. Piper Sandler Companies assumed coverage on shares of Couchbase in a report on Friday, August 16th. They set an “overweight” rating and a $22.00 price objective for the company. UBS Group dropped their target price on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating on the stock 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 report on Thursday, September 5th. Stifel Nicolaus dropped 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Couchbase in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

Couchbase Stock Performance

Shares of BASE opened at $20.93 on Monday. The firm has a market cap of $1.07 billion, a P/E ratio of -13.16 and a beta of 0.59. Couchbase, Inc. has a 52 week low of $13.53 and a 52 week high of $32.00. The firm’s 50-day simple moving average is $16.59 and its 200 day simple moving average is $18.49.

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

Insider Buying and Selling at Couchbase

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