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EMC Capital Management trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 75.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,920 shares of the company’s stock after selling 5,971 shares during the period. EMC Capital Management’s holdings in MongoDB were worth $447,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after buying an additional 40 shares during the last quarter. Hilltop National Bank raised its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Tanager Wealth Management LLP boosted its stake in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after purchasing an additional 43 shares in the last quarter. Rakuten Securities Inc. grew its position in MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after purchasing an additional 47 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after purchasing an additional 59 shares in the last quarter. 89.29% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley increased their target price on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on MongoDB in a report on Friday, January 17th. They issued an “overweight” rating and a $344.00 target price for the company. KeyCorp upped their price target on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Two equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.
Get Our Latest Analysis on MDB
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total transaction of $265,000.00. Following the sale, the director now directly owns 1,116,006 shares in the company, valued at approximately $295,741,590. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,156 shares of company stock valued at $9,220,473 in the last three months. 3.60% of the stock is currently owned by corporate insiders.
MongoDB Stock Performance
MDB opened at $264.04 on Thursday. The stock has a market cap of $19.66 billion, a price-to-earnings ratio of -96.71 and a beta of 1.25. The firm’s fifty day moving average is $274.45 and its 200 day moving average is $269.62. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the business earned $0.96 earnings per share. The business’s revenue was up 22.3% on a year-over-year basis. On average, equities research analysts predict that MongoDB, Inc. will post -1.79 earnings per share for the current year.
MongoDB Profile
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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