Stephens Inc. AR Has $236,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Stephens Inc. AR reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,014 shares of the company’s stock after selling 43 shares during the quarter. Stephens Inc. AR’s holdings in MongoDB were worth $236,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hilltop National Bank raised its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in MongoDB during the 3rd quarter valued at $36,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc raised its stake in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB during the 3rd quarter valued at $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dwight A. Merriman sold 922 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $279.09, for a total transaction of $257,320.98. Following the completion of the transaction, the director now owns 84,730 shares of the company’s stock, valued at approximately $23,647,295.70. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,094 shares of company stock valued at $11,705,293. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $289.63 on Monday. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of -105.70 and a beta of 1.28. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $488.00. The firm has a fifty day moving average price of $262.66 and a two-hundred day moving average price of $272.16.

MongoDB (NASDAQ:MDB) last released its earnings results 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. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their target price on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their price target on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Loop Capital boosted their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Citigroup boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

About MongoDB

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.