MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790 shares of the company’s stock after selling 87 shares during the quarter. Farther Finance Advisors LLC’s holdings in MongoDB were worth $184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC lifted 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 worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 34,814 shares in the last quarter. Amundi lifted its stake in shares of MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake 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 worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of MongoDB during the fourth quarter worth about $90,478,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, January 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Oppenheimer cut their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.70.

MongoDB Price Performance

Shares of MDB stock opened at $190.06 on Thursday. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30. The business has a 50 day simple moving average of $253.21 and a 200 day simple moving average of $270.89.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the company earned $0.86 earnings per share. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company 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.