Avior Wealth Management LLC trimmed its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 90.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134 shares of the company’s stock after selling 1,240 shares during the quarter. Avior Wealth Management LLC’s holdings in MongoDB were worth $31,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Hilltop National Bank raised its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its stake in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

MDB stock traded down $7.26 during midday trading on Thursday, hitting $271.07. The stock had a trading volume of 2,240,897 shares, compared to its average volume of 1,653,422. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The firm has a market cap of $20.19 billion, a PE ratio of -98.93 and a beta of 1.25. The company’s 50-day moving average price is $274.45 and its 200 day moving average price is $269.62.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.79 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total value of $2,333,716.65. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,491 shares of company stock valued at $11,554,190. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. China Renaissance assumed coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price on the stock. The Goldman Sachs Group raised their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their target price on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Rosenblatt Securities initiated coverage on MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target on the stock. Finally, Mizuho upped their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

Read Our Latest Research Report on MongoDB

MongoDB Company 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.

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