Siemens Fonds Invest GmbH Has $54,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Siemens Fonds Invest GmbH trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 69.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 231 shares of the company’s stock after selling 528 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in MongoDB were worth $54,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB during the 4th quarter worth approximately $29,000. NCP Inc. acquired a new position in MongoDB in the 4th quarter valued at approximately $35,000. Coppell Advisory Solutions LLC increased its position in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC increased its position in MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock valued at $87,000 after acquiring an additional 134 shares during the period. Finally, Manchester Capital Management LLC increased its position in MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock valued at $89,000 after acquiring an additional 140 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,423 shares of company stock valued at $7,148,369 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MDB opened at $191.29 on Monday. The company’s 50-day moving average is $174.91 and its 200 day moving average is $238.95. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $379.06. The firm has a market capitalization of $15.53 billion, a P/E ratio of -69.81 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released 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). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the business earned $0.86 earnings per share. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

MDB has been the subject of several recent research reports. Truist Financial decreased their price target on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Rosenblatt Securities restated a “buy” rating and issued a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Daiwa Capital Markets assumed coverage on shares of MongoDB in a research report on Tuesday, April 1st. They set an “outperform” rating and a $202.00 price objective for the company. Finally, Loop Capital cut their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $293.91.

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.