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Orion Portfolio Solutions LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,789 shares of the company’s stock after selling 447 shares during the period. Orion Portfolio Solutions LLC’s holdings in MongoDB were worth $2,191,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. Huntington National Bank increased its holdings in MongoDB by 279.3% during the third quarter. Huntington National Bank now owns 110 shares of the company’s stock valued at $38,000 after buying an additional 81 shares during the period. Parkside Financial Bank & Trust increased its holdings in MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after buying an additional 36 shares during the period. Beacon Capital Management LLC increased its holdings in MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in MongoDB by 156.1% in the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock worth $50,000 after purchasing an additional 89 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,802 shares of company stock worth $16,514,071. Company insiders own 3.60% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on MDB. Guggenheim lifted their price target on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Citigroup lifted their price target on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday, May 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $444.57.
Get Our Latest Analysis on MDB
MongoDB Trading Down 0.6 %
Shares of MongoDB stock opened at $333.99 on Thursday. The firm has a 50-day simple moving average of $356.71 and a two-hundred day simple moving average of $392.33. MongoDB, Inc. has a fifty-two week low of $275.76 and a fifty-two week high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.
MongoDB Company 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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