AFT Forsyth & Company Inc. Sells 1,240 Shares of MongoDB, Inc. (NASDAQ:MDB)

AFT Forsyth & Company Inc. lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 25.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,577 shares of the company's stock after selling 1,240 shares during the period. AFT Forsyth & Company Inc.'s holdings in MongoDB were worth $833,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC increased its stake in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock worth $838,632,000 after purchasing an additional 592,038 shares during the period. Assenagon Asset Management S.A. increased its position in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock worth $69,119,000 after buying an additional 294,228 shares during the period. Avala Global LP acquired a new stake in shares of MongoDB during the third quarter worth $47,960,000. Eagle Asset Management Inc. bought a new stake in shares of MongoDB in the third quarter valued at about $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of MongoDB in the third quarter valued at about $25,636,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. China Renaissance started coverage on MongoDB in a research note on Tuesday, January 21st. They set a "buy" rating and a $351.00 price objective on the stock. Tigress Financial raised their price target on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on shares of MongoDB from $350.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, Scotiabank cut their price target on shares of MongoDB from $350.00 to $275.00 and set a "sector perform" rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $361.00.

MongoDB Stock Performance

Shares of MongoDB stock traded down $3.34 during trading hours on Monday, reaching $289.63. The company's stock had a trading volume of 1,247,880 shares, compared to its average volume of 1,481,443. The stock's fifty day simple moving average is $262.66 and its two-hundred day simple moving average is $272.16. The company has a market capitalization of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $488.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the company posted $0.96 EPS. The company's revenue for the quarter was up 22.3% on a year-over-year basis. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 2,581 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $50,866,352.46. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,094 shares of company stock worth $11,705,293. Corporate insiders own 3.60% of the company's stock.

MongoDB 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.