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Cerity Partners LLC lessened its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 27.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 642 shares of the company’s stock after selling 238 shares during the quarter. Cerity Partners LLC’s holdings in MongoDB were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Veriti Management LLC purchased a new position in shares of MongoDB in the 1st quarter valued at about $248,000. IFM Investors Pty Ltd increased its holdings in MongoDB by 41.3% during the 1st quarter. IFM Investors Pty Ltd now owns 9,937 shares of the company’s stock valued at $4,408,000 after acquiring an additional 2,905 shares in the last quarter. Wedbush Securities Inc. increased its holdings in MongoDB by 1.8% during the 1st quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock valued at $999,000 after acquiring an additional 40 shares in the last quarter. Baldwin Brothers LLC MA increased its holdings in MongoDB by 8.7% during the 1st quarter. Baldwin Brothers LLC MA now owns 815 shares of the company’s stock valued at $362,000 after acquiring an additional 65 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in MongoDB by 3.1% during the 4th quarter. Northern Trust Corp now owns 405,648 shares of the company’s stock valued at $214,731,000 after acquiring an additional 12,223 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Several equities analysts have weighed in on MDB shares. Oppenheimer dropped their target price on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Credit Suisse Group decreased their price target on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. Piper Sandler decreased their price target on shares of MongoDB from $585.00 to $430.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Citigroup raised their price target on shares of MongoDB from $405.00 to $425.00 in a research note on Thursday, June 2nd. Finally, Redburn Partners began coverage on shares of MongoDB in a research note on Wednesday, June 29th. They set a “sell” rating and a $190.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $404.22.

NASDAQ MDB opened at $295.26 on Thursday. MongoDB, Inc. has a one year low of $213.39 and a one year high of $590.00. The company’s 50 day moving average price is $268.01 and its 200 day moving average price is $354.86. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of -61.00 and a beta of 0.91.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, beating the consensus estimate of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The firm had revenue of $285.45 million for the quarter, compared to analyst estimates of $267.10 million. During the same quarter last year, the firm posted ($0.98) earnings per share. MongoDB’s revenue for the quarter was up 57.1% compared to the same quarter last year. Sell-side analysts forecast that MongoDB, Inc. will post -5.09 EPS for the current fiscal year.

In related news, insider Thomas Bull sold 489 shares of MongoDB stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total value of $129,316.05. Following the completion of the sale, the insider now owns 17,104 shares in the company, valued at $4,523,152.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dev Ittycheria sold 35,000 shares of MongoDB stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $321.10, for a total transaction of $11,238,500.00. Following the completion of the transaction, the chief executive officer now directly owns 204,744 shares of the company’s stock, valued at approximately $65,743,298.40. The disclosure for this sale can be found here. Insiders have sold 77,185 shares of company stock worth $23,594,636 in the last quarter. Insiders own 5.70% of the company’s stock.

About MongoDB (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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