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Cambridge Investment Research Advisors Inc. lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,787 shares of the company’s stock after selling 57 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in MongoDB were worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MDB. Jennison Associates LLC raised its holdings in shares of MongoDB by 101,056.3% during the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after buying an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares in the last quarter. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter worth approximately $147,735,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of MongoDB by 77.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after purchasing an additional 248,133 shares in the last quarter. Finally, Dorsal Capital Management LLC grew its holdings in shares of MongoDB by 100.0% during the 4th quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock valued at $78,736,000 after purchasing an additional 200,000 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the transaction, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 7,577 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the sale, the chief financial officer now owns 89,027 shares of the company’s stock, valued at $36,503,740.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,029 shares of company stock valued at $56,304,511. Corporate insiders own 4.80% of the company’s stock.

MongoDB Stock Performance

Shares of MongoDB stock opened at $391.59 on Friday. MongoDB, Inc. has a 1 year low of $179.52 and a 1 year high of $442.84. The firm’s 50-day moving average is $397.23 and its 200 day moving average is $380.93. The stock has a market cap of $28.26 billion, a price-to-earnings ratio of -148.33 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. During the same quarter in the prior year, the firm posted ($1.23) earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. Sell-side analysts anticipate that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MDB. TheStreet upgraded shares of MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Bank of America started coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 price target for the company. Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price for the company in a report on Wednesday, November 8th. Mizuho boosted their price target on MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, December 6th. Finally, UBS Group reiterated a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $430.41.

Check Out Our Latest Stock Analysis on MongoDB

MongoDB Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

Further Reading

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