MongoDB, Inc. (NASDAQ:MDB) Stock Position Lowered by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,446 shares of the company’s stock after selling 106 shares during the period. Newbridge Financial Services Group Inc.’s holdings in MongoDB were worth $337,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. CWM LLC lifted its position in MongoDB by 5.0% in the 3rd quarter. CWM LLC now owns 3,269 shares of the company’s stock worth $884,000 after buying an additional 156 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of MongoDB by 253.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock valued at $151,000 after buying an additional 400 shares during the period. CHICAGO TRUST Co NA purchased a new position in shares of MongoDB during the 3rd quarter valued at $255,000. Finally, Sapient Capital LLC acquired a new position in shares of MongoDB in the third quarter worth $736,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the transaction, the director now directly owns 1,113,006 shares of the company’s stock, valued at $296,059,596. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,491 shares of company stock valued at $11,543,480 over the last quarter. 3.60% of the stock is owned by company insiders.

MongoDB Trading Down 0.1 %

Shares of MDB stock opened at $277.87 on Monday. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market capitalization of $20.69 billion, a P/E ratio of -101.41 and a beta of 1.28. The stock has a 50 day moving average of $267.08 and a two-hundred day moving average of $270.65.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business’s revenue was up 22.3% compared to the same quarter last year. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Wednesday, December 11th. Cantor Fitzgerald assumed coverage on MongoDB in a research note on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target for the company. Robert W. Baird increased their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Loop Capital lifted their target price on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC increased their price target on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.