Hussman Strategic Advisors Inc. Sells 10,500 Shares of Couchbase, Inc. (NASDAQ:BASE)

Hussman Strategic Advisors Inc. lessened its position in Couchbase, Inc. (NASDAQ:BASE) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,000 shares of the company’s stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Couchbase were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BASE. Lord Abbett & CO. LLC bought a new position in shares of Couchbase during the 1st quarter valued at about $9,059,000. Vanguard Group Inc. boosted its stake in shares of Couchbase by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after purchasing an additional 227,828 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Couchbase by 346.2% during the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock valued at $6,928,000 after purchasing an additional 204,396 shares during the last quarter. Circumference Group LLC purchased a new position in Couchbase in the 4th quarter worth $4,504,000. Finally, Sei Investments Co. lifted its stake in Couchbase by 918.4% in the first quarter. Sei Investments Co. now owns 119,717 shares of the company’s stock worth $3,150,000 after purchasing an additional 107,962 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Couchbase Trading Up 4.9 %

BASE stock opened at $19.62 on Monday. The stock’s 50 day simple moving average is $18.21 and its 200 day simple moving average is $22.60. Couchbase, Inc. has a 12-month low of $14.12 and a 12-month high of $32.00. The stock has a market capitalization of $987.08 million, a PE ratio of -11.96 and a beta of 0.61.

Couchbase (NASDAQ:BASE) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The business had revenue of $51.33 million during the quarter, compared to the consensus estimate of $48.52 million. Couchbase had a negative return on equity of 54.49% and a negative net margin of 41.66%. On average, research analysts predict that Couchbase, Inc. will post -1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

BASE has been the subject of a number of recent research reports. Piper Sandler began coverage on Couchbase in a research note on Friday, August 16th. They issued an “overweight” rating and a $22.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Couchbase from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Morgan Stanley decreased their price objective on shares of Couchbase from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Royal Bank of Canada dropped their target price on shares of Couchbase from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Finally, UBS Group initiated coverage on Couchbase in a report on Wednesday, May 22nd. They set a “neutral” rating and a $31.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.14.

Insider Buying and Selling

In other news, SVP Huw Owen sold 2,993 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $16.53, for a total transaction of $49,474.29. Following the transaction, the senior vice president now directly owns 412,915 shares of the company’s stock, valued at approximately $6,825,484.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Couchbase news, CFO Gregory N. Henry sold 3,982 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $16.52, for a total value of $65,782.64. Following the completion of the sale, the chief financial officer now owns 393,060 shares in the company, valued at $6,493,351.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Huw Owen sold 2,993 shares of Couchbase stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $16.53, for a total value of $49,474.29. Following the transaction, the senior vice president now directly owns 412,915 shares in the company, valued at $6,825,484.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,087 shares of company stock worth $651,216. 16.10% of the stock is owned by insiders.

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.