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Nisa Investment Advisors LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 86.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 800 shares of the company’s stock after selling 4,955 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MongoDB were worth $140,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new position in MongoDB in the 1st quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the 4th quarter worth approximately $29,000. Coppell Advisory Solutions LLC grew its holdings in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after buying an additional 182 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in MongoDB in the 4th quarter worth approximately $97,000. Finally, Fifth Third Bancorp grew its holdings in MongoDB by 15.9% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company’s stock worth $100,000 after buying an additional 78 shares in the last quarter. 89.29% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Bank of America increased their price objective on MongoDB from $215.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. DA Davidson reaffirmed a “buy” rating and set a $275.00 price target on shares of MongoDB in a research note on Thursday, June 5th. Cantor Fitzgerald increased their price target on MongoDB from $252.00 to $271.00 and gave the company an “overweight” rating in a research note on Thursday, June 5th. Macquarie reaffirmed a “neutral” rating and set a $230.00 price target (up from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Finally, Daiwa Capital Markets initiated coverage on MongoDB in a research note on Tuesday, April 1st. They set an “outperform” rating and a $202.00 price target for the company. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $281.35.
View Our Latest Research Report on MDB
MongoDB Stock Performance
Shares of NASDAQ:MDB traded up $2.68 during midday trading on Friday, hitting $221.21. The company’s stock had a trading volume of 1,822,164 shares, compared to its average volume of 1,982,480. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of -194.04 and a beta of 1.41. The stock’s 50 day simple moving average is $202.71 and its 200 day simple moving average is $213.18. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.
Insider Buying and Selling
In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 3,747 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $206.05, for a total transaction of $772,069.35. Following the transaction, the chief executive officer owned 253,227 shares of the company’s stock, valued at approximately $52,177,423.35. This represents a 1.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,746 shares of company stock valued at $7,500,196 over the last three months. 3.10% of the stock is owned by corporate insiders.
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.
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