Fiera Capital Corp Sells 6,703 Shares of MongoDB, Inc. (NASDAQ:MDB)

Fiera Capital Corp trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,044 shares of the company's stock after selling 6,703 shares during the quarter. Fiera Capital Corp owned about 0.29% of MongoDB worth $50,996,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MDB. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the last quarter. Brooklyn Investment Group bought a new stake in MongoDB during the 3rd quarter worth about $36,000. GAMMA Investing LLC raised its holdings in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after purchasing an additional 93 shares during the last quarter. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% during 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 last quarter. Finally, Versant Capital Management Inc raised its holdings in MongoDB by 1,100.0% during 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 last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Down 1.1 %

NASDAQ MDB traded down $3.34 during trading on Friday, hitting $289.63. The stock had a trading volume of 1,247,880 shares, compared to its average volume of 1,481,443. The company's 50-day moving average price is $262.66 and its two-hundred day moving average price is $272.02. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $488.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (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 company had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. During the same quarter in the prior year, the business posted $0.96 EPS. The business's revenue was up 22.3% compared to the same quarter last year. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the transaction, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at $21,510,229.95. This represents a 5.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 169 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,094 shares of company stock worth $11,705,293 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

Analyst Ratings Changes

MDB has been the subject of several recent research reports. Rosenblatt Securities initiated coverage on MongoDB in a report on Tuesday, December 17th. They set a "buy" rating and a $350.00 price objective for the company. Canaccord Genuity Group boosted their price objective on MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird boosted 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. Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price for the company in a research report on Monday, January 6th. Finally, Macquarie initiated coverage on MongoDB in a research report on Thursday, December 12th. They set a "neutral" rating and a $300.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $361.00.

About MongoDB

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.