B. Metzler seel. Sohn & Co. AG Sells 9,806 Shares of MongoDB, Inc. (NASDAQ:MDB)

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 60.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,344 shares of the company's stock after selling 9,806 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in MongoDB were worth $1,477,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hilltop National Bank lifted its position in MongoDB by 47.2% in the fourth 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. Avestar Capital LLC grew its holdings in MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after acquiring an additional 42 shares during the period. Aigen Investment Management LP lifted its holdings in MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after acquiring an additional 55 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock valued at $627,000 after purchasing an additional 66 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company's stock worth $1,203,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

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MongoDB Stock Performance

MDB stock traded down $6.44 during midday trading on Monday, hitting $147.95. 2,285,632 shares of the company's stock were exchanged, compared to its average volume of 1,759,896. MongoDB, Inc. has a one year low of $140.96 and a one year high of $387.19. The stock's fifty day moving average price is $236.68 and its 200-day moving average price is $261.78. The company has a market cap of $12.01 billion, a PE ratio of -54.33 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released 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 net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. Robert W. Baird dropped their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and set a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Oppenheimer decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Loop Capital reduced their price objective on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $312.84.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,045 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the transaction, the director now owns 85,652 shares in the company, valued at $20,785,170.84. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,060 shares of company stock valued at $13,461,875. 3.60% of the stock is currently owned by corporate 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.