Ingalls & Snyder LLC Decreases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Ingalls & Snyder LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 85.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,575 shares of the company's stock after selling 145,017 shares during the period. Ingalls & Snyder LLC's holdings in MongoDB were worth $5,721,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MDB. Jennison Associates LLC grew its stake in shares of 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 in the last quarter. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% during 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 period. Westfield Capital Management Co. LP grew its holdings in shares of MongoDB by 1.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock worth $134,161,000 after acquiring an additional 7,526 shares during the last quarter. Holocene Advisors LP grew its holdings in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock valued at $98,030,000 after buying an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the sale, the chief executive officer now owns 217,294 shares of the company's stock, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the sale, the director now owns 1,124,006 shares in the company, valued at $392,469,175.02. This trade represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,094 shares of company stock valued at $11,705,293. Company insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDB. Truist Financial reaffirmed a "buy" rating and issued a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Canaccord Genuity Group boosted their price target on MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Cantor Fitzgerald began coverage on MongoDB in a research report on Friday, January 17th. They set an "overweight" rating and a $344.00 price objective for the company. Piper Sandler reissued an "overweight" rating and set a $425.00 price objective on shares of MongoDB in a research report on Tuesday, December 10th. Finally, Barclays cut their price objective on MongoDB from $400.00 to $330.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, four have issued 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $361.00.

MongoDB Stock Performance

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

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.