Sanctuary Advisors LLC Sells 3,291 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sanctuary Advisors LLC reduced its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 57.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,456 shares of the company's stock after selling 3,291 shares during the period. Sanctuary Advisors LLC's holdings in MongoDB were worth $572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hilltop National Bank lifted its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB during the third quarter valued at $36,000. Continuum Advisory LLC boosted its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after buying an additional 118 shares during the last quarter. Versant Capital Management Inc increased its holdings in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the 3rd quarter worth about $44,000. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,314 shares of company stock worth $13,337,753 in the last three months. Insiders own 3.60% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. China Renaissance initiated coverage on MongoDB in a report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price target on the stock. UBS Group set a $350.00 price target on MongoDB in a research note on Tuesday. Finally, Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $361.83.

MongoDB Stock Up 3.8 %

MongoDB stock traded up $9.75 during midday trading on Wednesday, reaching $264.13. 3,624,195 shares of the stock traded hands, compared to its average volume of 1,603,919. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $424.00. The stock's fifty day moving average is $263.70 and its 200-day moving average is $275.28. The stock has a market cap of $19.67 billion, a P/E ratio of -96.40 and a beta of 1.30.

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