MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 91.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,520 shares of the company's stock after selling 28,413 shares during the quarter. Whittier Trust Co.'s holdings in MongoDB were worth $587,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hilltop National Bank grew its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC boosted its position in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after purchasing an additional 55 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock valued at $627,000 after purchasing an additional 66 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in MongoDB by 1.6% in the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company's stock valued at $1,203,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Remove Ads

MongoDB Stock Performance

Shares of MDB traded down $5.02 during midday trading on Thursday, hitting $188.64. The company had a trading volume of 1,318,776 shares, compared to its average volume of 1,703,016. The company's 50-day simple moving average is $248.25 and its 200-day simple moving average is $267.64. 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 $14.05 billion, a P/E ratio of -68.85 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analysts' expectations 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 last year, the firm posted $0.86 earnings per share. Equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, CFO Michael Lawrence Gordon sold 1,245 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares in the company, valued at $18,507,623.58. The trade was a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,139 shares of company stock worth $11,328,869. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MDB shares. Cantor Fitzgerald initiated coverage on MongoDB in a research report on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target on the stock. Piper Sandler decreased their price objective on MongoDB from $425.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $320.70.

MongoDB Company 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.