Sei Investments Co. Sells 3,331 Shares of Couchbase, Inc. (NASDAQ:BASE)

Sei Investments Co. lessened its holdings in shares of Couchbase, Inc. (NASDAQ:BASE) by 2.8% in the second quarter, HoldingsChannel.com reports. The fund owned 116,386 shares of the company’s stock after selling 3,331 shares during the period. Sei Investments Co.’s holdings in Couchbase were worth $2,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BASE. CenterBook Partners LP bought a new stake in shares of Couchbase during the 4th quarter valued at about $869,000. StepStone Group LP bought a new stake in shares of Couchbase during the 4th quarter valued at about $133,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of Couchbase during the 4th quarter valued at about $635,000. Quadrature Capital Ltd bought a new stake in shares of Couchbase during the 4th quarter valued at about $477,000. Finally, NBC Securities Inc. bought a new stake in shares of Couchbase during the 1st quarter valued at about $26,000. Institutional investors own 96.07% of the company’s stock.

Couchbase Price Performance

Shares of Couchbase stock opened at $14.65 on Friday. The business’s 50 day simple moving average is $16.85 and its two-hundred day simple moving average is $20.60. The stock has a market capitalization of $737.04 million, a P/E ratio of -8.93 and a beta of 0.59. Couchbase, Inc. has a one year low of $13.53 and a one year high of $32.00.

Couchbase (NASDAQ:BASE) last posted its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative return on equity of 54.84% and a negative net margin of 39.51%. The firm had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.11 million. During the same period in the previous year, the firm earned ($0.44) earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts expect that Couchbase, Inc. will post -1.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeff Epstein sold 7,277 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now directly owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the sale, the director now directly owns 28,027 shares in the company, valued at $563,342.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward T. Anderson purchased 21,080 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 85,902 shares of the company’s stock, valued at $1,216,372.32. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 29,956 shares of company stock valued at $554,506. Company insiders own 16.10% of the company’s stock.

Analyst Ratings Changes

BASE has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on Couchbase from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Piper Sandler Companies initiated coverage on Couchbase in a research report on Friday, August 16th. They issued an “overweight” rating and a $22.00 target price for the company. Guggenheim restated a “buy” rating and issued a $30.00 target price on shares of Couchbase in a research report on Tuesday, June 25th. Morgan Stanley dropped their target price 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. Finally, Piper Sandler dropped their target price on Couchbase from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

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.