MongoDB, Inc. (NASDAQ:MDB) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,670 shares of the company’s stock after selling 2,771 shares during the period. LPL Financial LLC’s holdings in MongoDB were worth $8,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hilltop National Bank lifted its position in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. purchased a new position in shares of MongoDB in the 4th quarter valued at $35,000. Continuum Advisory LLC lifted its holdings in shares of 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 acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc boosted its position in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the 3rd quarter valued at $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

MDB stock opened at $154.39 on Friday. MongoDB, Inc. has a 1 year low of $151.52 and a 1 year high of $387.19. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of -56.35 and a beta of 1.49. The stock’s fifty day moving average is $236.68 and its two-hundred day moving average is $261.91.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MDB. Stifel Nicolaus decreased their target price on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Truist Financial decreased their price target on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Barclays dropped their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada decreased their target price on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Loop Capital lowered their price target 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. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,060 shares of company stock valued at $13,461,875 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

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.