Empowered Funds LLC Decreases Holdings in MongoDB, Inc. (NASDAQ:MDB)

Empowered Funds LLC decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 17.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,287 shares of the company’s stock after selling 271 shares during the period. Empowered Funds LLC’s holdings in MongoDB were worth $300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDB. Hilltop National Bank boosted 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 during the period. Brooklyn Investment Group bought a new stake in shares of MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC boosted its holdings in 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 during the period. Versant Capital Management Inc grew 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 acquiring an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the 3rd quarter worth approximately $44,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 1.7 %

MDB stock opened at $290.00 on Friday. The business has a 50 day moving average of $261.59 and a 200 day moving average of $273.25. The firm has a market cap of $21.60 billion, a PE ratio of -105.84 and a beta of 1.28. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $459.70.

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

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 2,581 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $604,186.29. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $50,866,352.46. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 43,979 shares of company stock worth $11,963,757. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MDB shares. Scotiabank dropped their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Loop Capital increased their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Oppenheimer upped their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Canaccord Genuity Group raised their target price on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $361.00.

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.