EMC Capital Management Sells 5,971 Shares of MongoDB, Inc. (NASDAQ:MDB)

EMC Capital Management lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 75.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,920 shares of the company’s stock after selling 5,971 shares during the quarter. EMC Capital Management’s holdings in MongoDB were worth $447,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MDB. Jennison Associates LLC boosted its stake in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares in the last quarter. Avala Global LP purchased a new position in shares of MongoDB in the 3rd quarter valued at $47,960,000. Eagle Asset Management Inc. bought a new position in shares of MongoDB in the 3rd quarter worth $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of MongoDB during the 3rd quarter worth $25,636,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MDB. Canaccord Genuity Group lifted their target price on MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. DA Davidson boosted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Rosenblatt Securities initiated coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price for the company. Finally, Tigress Financial boosted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Down 5.1 %

Shares of MDB opened at $264.04 on Thursday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The stock has a market cap of $19.66 billion, a PE ratio of -96.71 and a beta of 1.25. The firm’s fifty day moving average is $274.45 and its two-hundred day moving average is $269.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -1.79 earnings per share for the current year.

Insider Activity

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock worth $9,220,473 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

MongoDB Profile

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.