MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Trimmed by Bank of Nova Scotia

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Bank of Nova Scotia lessened its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,640 shares of the company’s stock after selling 26,995,360 shares during the period. Bank of Nova Scotia’s holdings in MongoDB were worth $2,708,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank lifted its holdings in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB in the 3rd quarter worth approximately $44,000. Versant Capital Management Inc boosted its position in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Finally, Morse Asset Management Inc bought a new position in MongoDB during the 3rd quarter worth $81,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of several analyst reports. Cantor Fitzgerald assumed coverage on shares of MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target for the company. The Goldman Sachs Group reduced their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus cut their price target on MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday. Macquarie decreased their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $310.74.

Read Our Latest Report on MongoDB

Insider Activity

In related news, Director Dwight A. Merriman sold 1,045 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the sale, the director now directly owns 85,652 shares in the company, valued at approximately $20,785,170.84. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the transaction, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,060 shares of company stock worth $13,461,875. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Up 0.7 %

NASDAQ MDB opened at $162.24 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The stock’s 50-day moving average price is $220.46 and its two-hundred day moving average price is $256.10. The company has a market cap of $13.17 billion, a PE ratio of -59.21 and a beta of 1.49.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the company posted $0.86 EPS. Research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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