National Bank of Canada FI Lowers Holdings in MongoDB, Inc. (NASDAQ:MDB)

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National Bank of Canada FI Lowers Holdings in MongoDB, Inc. (NASDAQ:MDB)

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National Bank of Canada FI trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,033 shares of the company’s stock after selling 971 shares during the period. National Bank of Canada FI’s holdings in MongoDB were worth $7,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC purchased a new position in shares of MongoDB in the second quarter valued at about $26,000. KB Financial Partners LLC bought a new stake in shares of MongoDB in the second quarter worth about $27,000. Capital Advisors Ltd. LLC increased its holdings in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 60 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of MongoDB in the second quarter worth about $43,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDB. Capital One Financial raised MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price on the stock in a report on Wednesday, November 8th. Royal Bank of Canada lifted their target price on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Morgan Stanley lifted their target price on MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. Scotiabank began coverage on MongoDB in a research note on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 price objective on the stock. Finally, Tigress Financial boosted their price objective on MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $432.44.

Read Our Latest Analysis on MDB

MongoDB Stock Up 2.0 %

Shares of NASDAQ MDB opened at $409.82 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. The firm has a market capitalization of $29.58 billion, a price-to-earnings ratio of -155.23 and a beta of 1.19. The stock has a 50 day moving average price of $381.66 and a 200 day moving average price of $379.50. MongoDB, Inc. has a 52-week low of $164.59 and a 52-week high of $442.84.

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

Insiders Place Their Bets

In other MongoDB news, CFO Michael Lawrence Gordon sold 7,577 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the completion of the sale, the chief financial officer now owns 89,027 shares in the company, valued at $36,503,740.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $342.39, for a total transaction of $342,390.00. Following the transaction, the director now directly owns 534,896 shares of the company’s stock, valued at $183,143,041.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 7,577 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $410.03, for a total value of $3,106,797.31. Following the transaction, the chief financial officer now directly owns 89,027 shares in the company, valued at $36,503,740.81. The disclosure for this sale can be found here. Insiders sold a total of 298,337 shares of company stock worth $106,126,741 over the last 90 days. Company insiders own 4.80% of the company’s stock.

MongoDB Profile

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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.

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