MongoDB, Inc. (NASDAQ:MDB) Stock Position Lowered by Tyler Stone Wealth Management

Tyler Stone Wealth Management lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,536 shares of the company’s stock after selling 120 shares during the quarter. Tyler Stone Wealth Management’s holdings in MongoDB were worth $823,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MDB. Parametrica Management Ltd bought a new position in shares of MongoDB in the fourth quarter valued at $365,000. Pier Capital LLC raised its position in shares of MongoDB by 8.7% during the fourth quarter. Pier Capital LLC now owns 2,962 shares of the company’s stock worth $690,000 after purchasing an additional 236 shares during the period. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of MongoDB in the 4th quarter valued at $222,000. Finally, Fox Run Management L.L.C. increased its stake in MongoDB by 21.4% in the 4th quarter. Fox Run Management L.L.C. now owns 6,757 shares of the company’s stock worth $1,573,000 after purchasing an additional 1,189 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 169 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MDB shares. Stifel Nicolaus decreased their target price on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, January 6th. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Truist Financial reduced their price objective on MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Barclays dropped their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $320.70.

MongoDB Price Performance

MDB stock opened at $198.66 on Wednesday. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The stock has a market capitalization of $14.79 billion, a PE ratio of -72.50 and a beta of 1.30. The company has a 50 day moving average price of $249.24 and a 200 day moving average price of $268.17.

MongoDB (NASDAQ:MDB) last announced 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 net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.