SG Americas Securities LLC Sells 1,985 Shares of MongoDB, Inc. (NASDAQ:MDB)

SG Americas Securities LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 44.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,501 shares of the company's stock after selling 1,985 shares during the period. SG Americas Securities LLC's holdings in MongoDB were worth $676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MDB. Raleigh Capital Management Inc. increased its holdings in MongoDB by 24.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 182 shares of the company's stock worth $74,000 after purchasing an additional 36 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of MongoDB by 9.0% during the fourth quarter. EP Wealth Advisors LLC now owns 665 shares of the company's stock worth $272,000 after buying an additional 55 shares in the last quarter. American International Group Inc. raised its position in MongoDB by 433.3% in the 4th quarter. American International Group Inc. now owns 6,090 shares of the company's stock valued at $2,490,000 after buying an additional 4,948 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in MongoDB in the 4th quarter valued at approximately $25,000. Finally, SageView Advisory Group LLC bought a new position in shares of MongoDB during the 4th quarter worth approximately $252,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the transaction, the director now owns 1,138,006 shares of the company's stock, valued at $330,476,942.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the transaction, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares of the company's stock, valued at approximately $330,048,394.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,896 shares of company stock worth $4,187,260 in the last 90 days. Company insiders own 3.60% of the company's stock.

MongoDB Stock Performance

Shares of MongoDB stock traded down $3.72 during trading on Monday, reaching $289.14. The company's stock had a trading volume of 697,261 shares, compared to its average volume of 1,451,966. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The business's 50-day moving average price is $265.14 and its 200-day moving average price is $287.15. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market cap of $21.21 billion, a PE ratio of -104.22 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last posted 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. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the previous year, the firm posted ($0.63) EPS. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts forecast that MongoDB, Inc. will post -2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MDB shares. Piper Sandler increased their target price on shares of MongoDB from $300.00 to $335.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Stifel Nicolaus increased their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Bank of America lifted 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. UBS Group increased their price target on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein raised their price target on MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $337.96.

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.