Sanctuary Advisors LLC Sells 3,291 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sanctuary Advisors LLC reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 57.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,456 shares of the company’s stock after selling 3,291 shares during the quarter. Sanctuary Advisors LLC’s holdings in MongoDB were worth $572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB in the fourth quarter worth approximately $606,000. Aigen Investment Management LP bought a new position in MongoDB in the third quarter worth about $1,045,000. Geode Capital Management LLC boosted its position in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MongoDB during the third quarter valued at approximately $4,366,000. Finally, Charles Schwab Investment Management Inc. lifted its position in MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after buying an additional 7,575 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 1.9 %

Shares of NASDAQ MDB opened at $267.43 on Friday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $449.12. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of -97.60 and a beta of 1.28. The firm has a 50 day moving average of $262.73 and a 200 day moving average of $274.82.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate 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 return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other news, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the transaction, the director now owns 1,121,006 shares in the company, valued at approximately $362,084,938. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,314 shares of company stock valued at $13,494,863 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on MDB shares. Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective on the stock. Robert W. Baird upped their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada raised 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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.