Choreo LLC Sells 69 Shares of MongoDB, Inc. (NASDAQ:MDB)

Choreo LLC decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,485 shares of the company’s stock after selling 69 shares during the quarter. Choreo LLC’s holdings in MongoDB were worth $581,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares in the last quarter. CWM LLC lifted its stake in MongoDB by 5.0% in the third quarter. CWM LLC now owns 3,269 shares of the company’s stock worth $884,000 after acquiring an additional 156 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in MongoDB by 253.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock worth $151,000 after acquiring an additional 400 shares in the last quarter. Sapient Capital LLC purchased a new position in MongoDB during the 3rd quarter valued at about $736,000. Finally, Creative Planning raised its holdings in shares of MongoDB by 16.2% in the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock valued at $4,709,000 after purchasing an additional 2,427 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDB. Needham & Company LLC increased their price objective on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Oppenheimer raised their price objective on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their target price on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Price Performance

Shares of MDB stock opened at $286.12 on Wednesday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a market cap of $21.31 billion, a price-to-earnings ratio of -104.42 and a beta of 1.28. The stock has a 50 day simple moving average of $266.30 and a 200-day simple moving average of $271.04.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the transaction, the director now directly owns 1,112,006 shares in the company, valued at approximately $313,163,129.72. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,413 shares of company stock worth $12,082,421 in the last 90 days. Insiders own 3.60% of the company’s stock.

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.