GSA Capital Partners LLP Trims Stock Position in MongoDB, Inc. $MDB

GSA Capital Partners LLP trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 46.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,283 shares of the company’s stock after selling 2,001 shares during the period. GSA Capital Partners LLP’s holdings in MongoDB were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MDB. ValueAct Holdings L.P. raised its holdings in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. raised its holdings in shares of MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of MongoDB by 162.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after buying an additional 678,746 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of MongoDB by 611.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock valued at $300,120,000 after buying an additional 614,559 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the completion of the sale, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,566 shares of company stock worth $8,744,791 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

MongoDB Stock Up 2.7%

Shares of MongoDB stock opened at $326.13 on Friday. MongoDB, Inc. has a 52-week low of $182.43 and a 52-week high of $444.72. The company’s 50-day simple moving average is $268.23 and its 200-day simple moving average is $335.16. The firm has a market cap of $26.21 billion, a price-to-earnings ratio of -370.60 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same period in the previous year, the business posted $1.28 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. Equities research analysts anticipate that MongoDB, Inc. will post -0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MDB shares. Stifel Nicolaus reduced their target price on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. UBS Group reduced their target price on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Canaccord Genuity Group reduced their target price on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Monness Crespi & Hardt reduced their target price on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $373.37.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.