Harbor Capital Advisors Inc. Sells 2,226 Shares of MongoDB, Inc. (NASDAQ:MDB)

Harbor Capital Advisors Inc. trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 63.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,301 shares of the company's stock after selling 2,226 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in MongoDB were worth $303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP acquired a new position in shares of MongoDB in the 3rd quarter valued at approximately $1,045,000. Geode Capital Management LLC raised its position in MongoDB by 2.9% during the third 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MongoDB during the third quarter worth $4,366,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock valued at $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of MongoDB in the 2nd quarter valued at $1,860,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several research analyst reports. Rosenblatt Securities began coverage on MongoDB in a research note on Tuesday, December 17th. They issued a "buy" rating and a $350.00 price objective on the stock. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Stifel Nicolaus raised their target price on shares of MongoDB from $325.00 to $360.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Scotiabank boosted their target price on shares of MongoDB from $295.00 to $350.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 10th. Finally, JMP Securities reissued a "market outperform" rating and set a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $364.64.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the completion of the transaction, the director now owns 1,127,006 shares in the company, valued at $303,807,007.42. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,821 shares of company stock valued at $6,831,215 over the last quarter. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

MDB stock traded up $0.50 on Wednesday, reaching $242.91. 1,065,240 shares of the company traded hands, compared to its average volume of 1,540,886. The firm has a fifty day simple moving average of $280.67 and a 200-day simple moving average of $269.51. The company has a market cap of $18.09 billion, a P/E ratio of -88.65 and a beta of 1.25. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. The firm's quarterly revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.86 EPS for the current 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.