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Nomura Holdings Inc. cut its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 85.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,183 shares of the company’s stock after selling 69,669 shares during the quarter. Nomura Holdings Inc.’s holdings in MongoDB were worth $2,836,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its stake in MongoDB by 9.7% in the fourth quarter. Nuveen Asset Management LLC now owns 370,986 shares of the company’s stock valued at $86,369,000 after buying an additional 32,844 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in MongoDB by 20.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 3,032 shares of the company’s stock valued at $706,000 after buying an additional 514 shares during the last quarter. Morse Asset Management Inc lifted its stake in MongoDB by 160.7% in the fourth quarter. Morse Asset Management Inc now owns 782 shares of the company’s stock valued at $182,000 after buying an additional 482 shares during the last quarter. LMR Partners LLP bought a new stake in MongoDB in the fourth quarter valued at $22,117,000. Finally, Lighthouse Investment Partners LLC lifted its stake in MongoDB by 245.5% in the fourth quarter. Lighthouse Investment Partners LLC now owns 19,000 shares of the company’s stock valued at $4,423,000 after buying an additional 13,500 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other MongoDB news, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,423 shares of company stock valued at $7,148,369. 3.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
MDB has been the topic of a number of recent research reports. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Mizuho cut their target price on MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Needham & Company LLC cut their target price on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.91.
Get Our Latest Stock Analysis on MongoDB
MongoDB Trading Up 0.4%
NASDAQ:MDB traded up $0.79 during mid-day trading on Friday, reaching $191.29. 7,849,265 shares of the stock were exchanged, compared to its average volume of 1,914,406. The business has a fifty day moving average price of $174.91 and a 200 day moving average price of $238.95. The firm has a market capitalization of $15.53 billion, a PE ratio of -69.81 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the business posted $0.86 EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.
About MongoDB
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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