GraniteShares Advisors LLC Lowers Stock Position in MongoDB, Inc. (NASDAQ:MDB)

GraniteShares Advisors LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 16.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,433 shares of the company’s stock after selling 286 shares during the quarter. GraniteShares Advisors LLC’s holdings in MongoDB were worth $586,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Insigneo Advisory Services LLC boosted its stake in MongoDB by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after buying an additional 30 shares during the period. Valley National Advisers Inc. boosted its stake in MongoDB by 5.9% during the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after buying an additional 33 shares during the period. Yousif Capital Management LLC boosted its stake in MongoDB by 4.8% during the third quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock worth $264,000 after buying an additional 35 shares during the period. Choreo LLC lifted its position in shares of MongoDB by 3.5% during the third quarter. Choreo LLC now owns 1,076 shares of the company’s stock worth $372,000 after purchasing an additional 36 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on 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 transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,802 shares of company stock worth $36,356,911. Insiders own 4.80% of the company’s stock.

MongoDB Stock Performance

Shares of MDB traded up $2.63 during mid-day trading on Tuesday, reaching $349.80. 1,460,133 shares of the company’s stock were exchanged, compared to its average volume of 1,390,572. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a market capitalization of $25.48 billion, a PE ratio of -140.45 and a beta of 1.20. The business’s fifty day simple moving average is $401.23 and its 200-day simple moving average is $390.75. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDB shares. Truist Financial increased their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Stifel Nicolaus reissued a “buy” rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. JMP Securities reissued a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Citigroup increased their price target on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 target price (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $448.74.

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.