Avior Wealth Management LLC Reduces Holdings in MongoDB, Inc. (NASDAQ:MDB)

Avior Wealth Management LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 90.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134 shares of the company's stock after selling 1,240 shares during the period. Avior Wealth Management LLC's holdings in MongoDB were worth $31,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after buying an additional 592,038 shares during the last quarter. Geode Capital Management LLC raised its position in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after purchasing an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock worth $134,161,000 after purchasing an additional 7,526 shares during the period. Holocene Advisors LP grew its position in MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock worth $98,030,000 after purchasing an additional 66,730 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after purchasing an additional 294,228 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDB shares. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price for the company in a research note on Monday, January 6th. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Scotiabank dropped their price objective on shares of MongoDB from $350.00 to $275.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 21st. Finally, Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Two investment 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $361.00.

MongoDB Stock Performance

NASDAQ MDB traded down $11.56 during mid-day trading on Thursday, reaching $266.78. 1,097,764 shares of the stock were exchanged, compared to its average volume of 1,590,928. The stock has a market capitalization of $19.87 billion, a PE ratio of -96.86 and a beta of 1.25. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The business's fifty day simple moving average is $274.45 and its 200 day simple moving average is $269.62.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -1.79 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were 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 owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock worth $9,220,473 in the last 90 days. 3.60% of the stock is owned by company insiders.

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.