SG Americas Securities LLC Decreases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

SG Americas Securities LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,879 shares of the company’s stock after selling 622 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of MongoDB by 16.5% during the second quarter. The Manufacturers Life Insurance Company now owns 27,079 shares of the company’s stock valued at $6,762,000 after acquiring an additional 3,836 shares in the last quarter. Quarry LP raised its holdings in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of MongoDB by 12.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,242 shares of the company’s stock valued at $310,000 after buying an additional 133 shares during the period. Truist Financial Corp grew its position in MongoDB by 15.9% during the second quarter. Truist Financial Corp now owns 40,184 shares of the company’s stock valued at $10,044,000 after buying an additional 5,509 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in MongoDB during the second quarter valued at $1,860,000. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,319 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $285.92, for a total value of $377,128.48. Following the completion of the transaction, the director now directly owns 87,744 shares of the company’s stock, valued at $25,087,764.48. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,491 shares of company stock valued at $10,745,480. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Tigress Financial boosted their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their price objective on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Macquarie assumed coverage on shares of MongoDB in a research note on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. Barclays cut their price target on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Scotiabank decreased their price target on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Two 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 company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Price Performance

NASDAQ:MDB opened at $273.32 on Monday. The firm has a market capitalization of $20.35 billion, a PE ratio of -99.75 and a beta of 1.25. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The business’s 50-day moving average is $272.39 and its two-hundred day moving average is $269.91.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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.