Sanctuary Advisors LLC Sells 1,695 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sanctuary Advisors LLC lessened its holdings in MongoDB, Inc. (NASDAQ:MDB) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,747 shares of the company’s stock after selling 1,695 shares during the period. Sanctuary Advisors LLC’s holdings in MongoDB were worth $1,554,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in shares of MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares in the last quarter. Geode Capital Management LLC raised its stake in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after acquiring an additional 7,526 shares during the period. Thrivent Financial for Lutherans lifted its holdings in MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after acquiring an additional 66,730 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 3.0 %

Shares of MDB opened at $245.00 on Friday. The company has a 50 day moving average of $291.99 and a 200-day moving average of $267.25. The stock has a market capitalization of $18.10 billion, a P/E ratio of -89.42 and a beta of 1.17. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the business earned $0.96 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB, Inc. will post -2.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDB. Citigroup upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday. Macquarie initiated coverage on shares of MongoDB in a research note on Thursday, December 12th. They issued a “neutral” rating and a $300.00 target price on the stock. Bank of America boosted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. DA Davidson lifted their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $366.14.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,775 shares of company stock valued at $9,264,812. Insiders own 3.60% of the company’s stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.