Steward Partners Investment Advisory LLC Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Steward Partners Investment Advisory LLC grew its position in MongoDB, Inc. (NASDAQ:MDB) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,168 shares of the company’s stock after purchasing an additional 133 shares during the period. Steward Partners Investment Advisory LLC’s holdings in MongoDB were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in MongoDB during the third quarter worth about $861,000. Principal Financial Group Inc. increased its holdings in MongoDB by 2.7% during the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock worth $1,648,000 after buying an additional 160 shares during the last quarter. Atria Investments Inc increased its holdings in MongoDB by 6.6% during the third quarter. Atria Investments Inc now owns 2,175 shares of the company’s stock worth $588,000 after buying an additional 135 shares during the last quarter. Versor Investments LP purchased a new stake in MongoDB during the third quarter worth about $404,000. Finally, GSA Capital Partners LLP increased its holdings in MongoDB by 38.0% during the third quarter. GSA Capital Partners LLP now owns 1,598 shares of the company’s stock worth $432,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction on Monday, December 16th. The shares were sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now owns 80,307 shares in the company, valued at $21,510,229.95. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cedric Pech sold 287 shares of the business’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 $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,314 shares of company stock valued at $12,981,833 over the last three months. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Loop Capital decreased their price objective on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Morgan Stanley cut their target price on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Truist Financial cut their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, China Renaissance began coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $319.87.

MongoDB Price Performance

Shares of MDB opened at $185.37 on Friday. The firm’s 50 day simple moving average is $256.72 and its 200 day simple moving average is $272.06. The company has a market capitalization of $13.80 billion, a P/E ratio of -67.65 and a beta of 1.30. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the business posted $0.86 earnings per share. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Company 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.