First Horizon Advisors Inc. lowered its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 54.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 93 shares of the company’s stock after selling 110 shares during the quarter. First Horizon Advisors Inc.’s holdings in MongoDB were worth $48,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Winch Advisory Services LLC increased its stake in shares of MongoDB by 54.2% during the third quarter. Winch Advisory Services LLC now owns 74 shares of the company’s stock worth $35,000 after buying an additional 26 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of MongoDB by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,657 shares of the company’s stock worth $3,139,000 after buying an additional 31 shares during the period. Profund Advisors LLC increased its stake in shares of MongoDB by 5.2% during the fourth quarter. Profund Advisors LLC now owns 647 shares of the company’s stock worth $342,000 after buying an additional 32 shares during the period. World Asset Management Inc boosted its holdings in MongoDB by 5.9% in the third quarter. World Asset Management Inc now owns 886 shares of the company’s stock valued at $418,000 after purchasing an additional 49 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in MongoDB by 5.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 905 shares of the company’s stock valued at $427,000 after purchasing an additional 50 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on MDB. Mizuho lowered their price target on MongoDB from $400.00 to $325.00 and set a “neutral” rating for the company in a report on Wednesday, March 9th. Morgan Stanley lowered their price target on MongoDB from $633.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. Credit Suisse Group lowered their price target on MongoDB from $700.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday, March 9th. Oppenheimer decreased their price objective on MongoDB from $510.00 to $410.00 in a report on Wednesday, March 9th. Finally, Stifel Nicolaus decreased their price objective on MongoDB from $550.00 to $425.00 in a report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, MongoDB currently has an average rating of “Buy” and a consensus price target of $496.72.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings data on Tuesday, March 8th. The company reported ($1.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.25) by $0.05. The firm had revenue of $266.50 million during the quarter, compared to analysts’ expectations of $243.42 million. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. MongoDB’s revenue was up 55.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.01) earnings per share. On average, analysts predict that MongoDB, Inc. will post -5.48 EPS for the current year.
In other news, insider Thomas Bull sold 2,500 shares of MongoDB stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $444.14, for a total transaction of $1,110,350.00. Following the completion of the transaction, the insider now owns 17,904 shares of the company’s stock, valued at approximately $7,951,882.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles M. Hazard, Jr. sold 1,666 shares of MongoDB stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $382.87, for a total value of $637,861.42. The disclosure for this sale can be found here. Insiders sold 124,475 shares of company stock valued at $43,717,816 in the last quarter. 7.40% of the stock is currently owned by company insiders.
About MongoDB (Get Rating)
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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