Atria Investments Inc Sells 686 Shares of MongoDB, Inc. (NASDAQ:MDB)

Atria Investments Inc decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,489 shares of the company’s stock after selling 686 shares during the period. Atria Investments Inc’s holdings in MongoDB were worth $347,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. Jennison Associates LLC increased its holdings in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Geode Capital Management LLC boosted its position in MongoDB by 2.9% during the third 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. Westfield Capital Management Co. LP increased its stake in shares of MongoDB by 1.5% in the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Holocene Advisors LP raised its position in shares of MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after purchasing an additional 66,730 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MDB. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their price target on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, January 6th. Bank of America cut their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, China Renaissance started coverage on MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $319.87.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now directly owns 83,845 shares of the company’s stock, valued at $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total value of $313,713.25. Following the transaction, the director now owns 17,570 shares in the company, valued at approximately $4,691,014.30. This represents a 6.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,314 shares of company stock valued at $11,642,583 in the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MDB stock opened at $185.37 on Monday. The firm has a market cap of $13.80 billion, a P/E ratio of -67.65 and a beta of 1.30. The firm’s fifty day moving average is $256.72 and its 200 day moving average is $272.55. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19.

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

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.