Sei Investments Co. Sells 142,830 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sei Investments Co. lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 56.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,209 shares of the company's stock after selling 142,830 shares during the quarter. Sei Investments Co. owned approximately 0.15% of MongoDB worth $25,193,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC raised its position in MongoDB by 10.7% in the 3rd quarter. Intech Investment Management LLC now owns 5,205 shares of the company's stock valued at $1,407,000 after purchasing an additional 502 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 acquiring an additional 7,575 shares in the last quarter. Cerity Partners LLC raised its stake in shares of MongoDB by 8.3% in the third quarter. Cerity Partners LLC now owns 9,094 shares of the company's stock worth $2,459,000 after acquiring an additional 695 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of MongoDB by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 10,323 shares of the company's stock worth $2,791,000 after acquiring an additional 1,132 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of MongoDB by 5.3% during the third quarter. Independent Advisor Alliance now owns 1,516 shares of the company's stock worth $410,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

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Analyst Ratings Changes

Several research firms have issued reports on MDB. Wedbush reduced their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Scotiabank reissued a "sector perform" rating and set a $240.00 price objective (down from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Tigress Financial raised their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Cantor Fitzgerald initiated coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target for the company. Finally, Piper Sandler reduced their price objective on shares of MongoDB from $425.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $320.70.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % 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, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock valued at $11,328,869 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

NASDAQ MDB traded down $10.61 on Friday, reaching $178.03. The company had a trading volume of 2,906,042 shares, compared to its average volume of 1,733,041. The company's fifty day moving average is $245.56 and its 200-day moving average is $265.95. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of -64.97 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the prior year, the business posted $0.86 EPS. On average, research 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.