Fiera Capital Corp Decreases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Fiera Capital Corp decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,747 shares of the company's stock after selling 6,168 shares during the quarter. Fiera Capital Corp owned approximately 0.31% of MongoDB worth $61,031,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. MFA Wealth Advisors LLC bought a new stake in MongoDB in the 2nd quarter valued at $25,000. J.Safra Asset Management Corp raised its holdings in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after buying an additional 116 shares in the last quarter. Quarry LP boosted its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company's stock valued at $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of MongoDB during the second quarter worth about $35,000. Finally, GAMMA Investing LLC increased its holdings in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after purchasing an additional 93 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MDB. Bank of America upped their target price on MongoDB from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Scotiabank boosted their target price on shares of MongoDB from $250.00 to $295.00 and gave the stock a "sector perform" rating in a research report on Friday, August 30th. Mizuho raised their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price objective on MongoDB from $300.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Finally, Morgan Stanley raised their target price on MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $337.96.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 302 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the sale, the executive now owns 33,440 shares in the company, valued at $8,569,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the transaction, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,281 shares of company stock valued at $6,657,121 over the last quarter. 3.60% of the stock is owned by company insiders.

MongoDB Price Performance

NASDAQ MDB traded down $4.08 during trading on Friday, reaching $290.04. The company's stock had a trading volume of 886,785 shares, compared to its average volume of 1,427,330. The firm has a fifty day moving average of $277.72 and a 200 day moving average of $277.72. The stock has a market capitalization of $21.43 billion, a PE ratio of -96.04 and a beta of 1.15. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts' expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.63) earnings per share. Analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

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.