Sei Investments Co. Lowers Stock Position in Couchbase, Inc. (NASDAQ:BASE)

Sei Investments Co. cut its position in Couchbase, Inc. (NASDAQ:BASE - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,345 shares of the company's stock after selling 48,052 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Couchbase worth $1,175,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Couchbase by 27.3% in the third quarter. Franklin Resources Inc. now owns 1,647,334 shares of the company's stock valued at $27,379,000 after buying an additional 353,233 shares during the last quarter. Geode Capital Management LLC increased its position in Couchbase by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 944,447 shares of the company's stock valued at $15,228,000 after acquiring an additional 88,068 shares during the period. Pembroke Management LTD raised its stake in Couchbase by 12.2% during the 4th quarter. Pembroke Management LTD now owns 898,842 shares of the company's stock valued at $14,013,000 after acquiring an additional 98,061 shares during the last quarter. State Street Corp lifted its position in Couchbase by 4.1% during the 3rd quarter. State Street Corp now owns 850,515 shares of the company's stock worth $13,710,000 after acquiring an additional 33,294 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Couchbase by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 396,699 shares of the company's stock valued at $6,185,000 after purchasing an additional 27,509 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Price Performance

Shares of NASDAQ BASE traded up $0.43 on Friday, hitting $15.21. The company's stock had a trading volume of 1,100,441 shares, compared to its average volume of 561,274. The stock has a 50 day moving average of $16.18 and a 200-day moving average of $16.66. The company has a market capitalization of $807.65 million, a price-to-earnings ratio of -9.51 and a beta of 0.85. Couchbase, Inc. has a 12-month low of $12.78 and a 12-month high of $28.67.

Couchbase (NASDAQ:BASE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.22). The company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Sell-side analysts expect that Couchbase, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of Couchbase from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Rosenblatt Securities started coverage on shares of Couchbase in a report on Wednesday. They issued a "buy" rating and a $20.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and set a $22.00 price target on shares of Couchbase in a report on Wednesday, February 26th. Guggenheim lowered their price objective on Couchbase from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Morgan Stanley dropped their target price on Couchbase from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.06.

Insider Activity at Couchbase

In other news, SVP Margaret Chow sold 15,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $18.31, for a total transaction of $274,650.00. Following the sale, the senior vice president now owns 133,067 shares in the company, valued at $2,436,456.77. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Huw Owen sold 15,938 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $15.43, for a total value of $245,923.34. Following the completion of the transaction, the senior vice president now owns 427,699 shares of the company's stock, valued at $6,599,395.57. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,400 shares of company stock valued at $975,265 over the last quarter. Insiders own 16.10% of the company's stock.

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.