Commonwealth Equity Services LLC Sells 138 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Commonwealth Equity Services LLC Sells 138 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Commonwealth Equity Services LLC reduced its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,515 shares of the company’s stock after selling 138 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MongoDB were worth $2,681,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in MongoDB during the 4th quarter valued at about $90,478,000. Amundi increased its holdings in MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares during the period. Assenagon Asset Management S.A. raised its stake in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after buying an additional 294,228 shares in the last quarter. Avala Global LP purchased a new stake in MongoDB during the third quarter worth $47,960,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MongoDB during the 3rd quarter valued at $25,636,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDB has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. DA Davidson raised their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler reduced their price objective on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Oppenheimer cut their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Mizuho increased their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $320.70.

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Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock worth $11,328,869 in the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Trading Down 2.5 %

Shares of MDB stock opened at $193.66 on Thursday. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The business’s 50 day moving average is $248.25 and its two-hundred day moving average is $267.64. The company has a market capitalization of $14.42 billion, a P/E ratio of -70.68 and a beta of 1.30.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the business earned $0.86 EPS. On average, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

About MongoDB

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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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