Mutual of America Capital Management LLC Has $206,000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Mutual of America Capital Management LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 886 shares of the company’s stock after selling 81 shares during the period. Mutual of America Capital Management LLC’s holdings in MongoDB were worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MDB. Hilltop National Bank boosted its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. NCP Inc. acquired a new position in MongoDB in the 4th quarter worth $35,000. Brooklyn Investment Group acquired a new position in MongoDB in the 3rd quarter worth $36,000. Continuum Advisory LLC boosted its stake in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its stake in MongoDB by 1,100.0% in 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. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 3.9 %

MongoDB stock opened at $180.32 on Tuesday. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The company’s 50-day moving average price is $260.61 and its two-hundred day moving average price is $274.00. The stock has a market cap of $13.43 billion, a P/E ratio of -65.81 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the business posted $0.86 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of a number of research analyst reports. UBS Group set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Canaccord Genuity Group reduced their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Macquarie reduced their price objective on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research note on Friday. Tigress Financial increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction 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. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,314 shares of company stock valued at $12,981,833. 3.60% of the stock is currently owned by company 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.