B. Riley Wealth Advisors Inc. Sells 1557 Shares of MongoDB, Inc. (NASDAQ:MDB)

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B. Riley Wealth Advisors Inc. reduced its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 58.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,109 shares of the company’s stock after selling 1,557 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in MongoDB were worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after acquiring an additional 194,148 shares in the last quarter. Atalanta Sosnoff Capital LLC lifted its position in MongoDB by 24.7% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after buying an additional 10,753 shares during the period. Fiera Capital Corp boosted its holdings in shares of MongoDB by 0.8% during the 4th quarter. Fiera Capital Corp now owns 224,293 shares of the company’s stock valued at $91,702,000 after buying an additional 1,695 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of MongoDB in the 4th quarter worth about $10,545,000. Finally, Prudential PLC grew its position in shares of MongoDB by 2.4% in the 4th quarter. Prudential PLC now owns 21,169 shares of the company’s stock worth $8,655,000 after buying an additional 489 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MDB. Wells Fargo & Company dropped their price objective on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Oppenheimer dropped their price target on MongoDB from $480.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Robert W. Baird reduced their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Loop Capital dropped their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Scotiabank reduced their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.74.

View Our Latest Research Report on MDB

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,569 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $416,240.01. Following the completion of the transaction, the chief financial officer now directly owns 81,942 shares in the company, valued at $21,738,393.18. The disclosure for this sale can be found here. Insiders sold a total of 28,179 shares of company stock valued at $6,906,989 over the last three months. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Down 2.8 %

NASDAQ:MDB opened at $232.70 on Monday. MongoDB, Inc. has a one year low of $214.74 and a one year high of $509.62. The business has a fifty day moving average price of $249.70 and a 200-day moving average price of $340.31. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of -82.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. Sell-side analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current year.

About MongoDB

(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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Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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