Wealth Enhancement Advisory Services LLC Has $9.45 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Wealth Enhancement Advisory Services LLC cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,350 shares of the company’s stock after selling 1,143 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in MongoDB were worth $9,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MDB. Quadrant Capital Group LLC boosted its holdings in shares of MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after purchasing an additional 22 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of MongoDB by 12.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after buying an additional 25 shares during the period. Insigneo Advisory Services LLC grew its holdings in shares of MongoDB by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after acquiring an additional 30 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of MongoDB by 3.9% in the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after acquiring an additional 30 shares during the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of 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 acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director now directly owns 1,146,003 shares of the company’s stock, valued at $280,770,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Michael Lawrence Gordon sold 9,316 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $3,243,085.92. Following the completion of the sale, the chief financial officer now owns 83,511 shares in the company, valued at approximately $29,071,849.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director now directly owns 1,146,003 shares of the company’s stock, valued at $280,770,735. The disclosure for this sale can be found here. Insiders sold 60,976 shares of company stock valued at $19,770,973 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $249.96 on Friday. The firm has a market capitalization of $18.33 billion, a PE ratio of -88.95 and a beta of 1.13. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The business’s 50 day moving average is $304.59 and its 200-day moving average is $366.25.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The firm had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. Sell-side analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on MDB shares. Guggenheim raised MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. JMP Securities dropped their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a report on Friday, May 31st. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Robert W. Baird dropped their price target on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Finally, Wells Fargo & Company reduced their price objective on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $361.30.

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.