Harbor Capital Advisors Inc. Sells 2,226 Shares of MongoDB, Inc. (NASDAQ:MDB)

Harbor Capital Advisors Inc. decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 63.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,301 shares of the company’s stock after selling 2,226 shares during the period. Harbor Capital Advisors Inc.’s holdings in MongoDB were worth $303,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Aigen Investment Management LP acquired a new position in shares of MongoDB in the third quarter valued at approximately $1,045,000. Geode Capital Management LLC boosted its stake in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB during the 3rd quarter worth about $4,366,000. Charles Schwab Investment Management Inc. raised its stake in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of MongoDB in the second quarter valued at about $1,860,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of a number of research reports. Tigress Financial increased their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Truist Financial reiterated a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Robert W. Baird increased their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $364.64.

MongoDB Trading Up 0.9 %

MongoDB stock opened at $242.41 on Wednesday. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of -88.47 and a beta of 1.25. The stock’s 50 day moving average is $280.67 and its 200-day moving average is $269.51. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities research analysts predict that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total transaction of $713,190.00. Following the transaction, the director now owns 1,117,006 shares in the company, valued at $265,545,836.38. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,776 shares of company stock valued at $6,577,625. 3.60% of the stock is owned by company insiders.

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.