Stifel Financial Corp Has $26.59 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Stifel Financial Corp lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 114,216 shares of the company's stock after acquiring an additional 6,894 shares during the period. Stifel Financial Corp owned 0.15% of MongoDB worth $26,590,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of MongoDB in the fourth quarter worth $29,000. Hilltop National Bank grew 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 buying an additional 42 shares in the last quarter. NCP Inc. acquired a new position in MongoDB during the 4th quarter valued at about $35,000. Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% during 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 acquired a new stake in shares of MongoDB in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $60,840,147.06. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 301 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,680 shares of company stock worth $10,819,027 in the last 90 days. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America dropped their target price on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Needham & Company LLC cut their price objective on MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Scotiabank reaffirmed a "sector perform" rating and set a $160.00 target price (down from $240.00) on shares of MongoDB in a report on Friday. Piper Sandler cut their price target on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Daiwa America raised shares of MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $294.78.

MongoDB Stock Up 0.6 %

Shares of NASDAQ:MDB traded up $1.01 during trading on Monday, reaching $174.51. The stock had a trading volume of 1,835,761 shares, compared to its average volume of 1,841,369. The stock has a fifty day simple moving average of $195.15 and a two-hundred day simple moving average of $248.65. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of -63.69 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the firm earned $0.86 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.78 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.