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Nisa Investment Advisors LLC cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 86.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its position in MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock worth $4,371,000 after purchasing an additional 372 shares during the last quarter. 111 Capital acquired a new stake in shares of MongoDB in the fourth quarter valued at about $390,000. Park Avenue Securities LLC raised its position in MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company’s stock worth $461,000 after acquiring an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after acquiring an additional 298 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of MongoDB in the first quarter valued at approximately $263,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at MongoDB
In other MongoDB news, CEO Dev Ittycheria sold 3,747 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $206.05, for a total transaction of $772,069.35. Following the sale, the chief executive officer owned 253,227 shares of the company’s stock, valued at approximately $52,177,423.35. This trade represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company’s stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,746 shares of company stock valued at $7,500,196. Company insiders own 3.10% of the company’s stock.
MongoDB Stock Up 4.2%
NASDAQ:MDB opened at $218.53 on Friday. The stock has a market cap of $17.86 billion, a P/E ratio of -191.69 and a beta of 1.41. The business’s 50-day moving average price is $201.86 and its two-hundred day moving average price is $213.26. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of MongoDB from $213.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Barclays upped their price target on shares of MongoDB from $252.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, June 5th. Stifel Nicolaus dropped their target price on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Redburn Atlantic raised shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price objective on the stock in a report on Thursday, April 17th. Finally, Monness Crespi & Hardt upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 target price for the company in a research report on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.39.
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.
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