Whittier Trust Co. of Nevada Inc. Sells 14,424 Shares of MongoDB, Inc. (NASDAQ:MDB)

Whittier Trust Co. of Nevada Inc. decreased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 95.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 672 shares of the company's stock after selling 14,424 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in MongoDB were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares during the period. Brooklyn Investment Group bought a new position in shares of MongoDB during the 3rd quarter worth about $36,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% in the 3rd 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 period. NCP Inc. bought a new stake in MongoDB in the 4th quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the 3rd quarter worth approximately $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDB has been the subject of several recent research reports. Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Cantor Fitzgerald started 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. Barclays dropped their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Macquarie decreased their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.70.

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MongoDB Price Performance

MongoDB stock traded down $5.02 during midday trading on Thursday, reaching $188.64. 1,318,776 shares of the company traded hands, compared to its average volume of 1,703,016. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of -68.85 and a beta of 1.30. The business has a 50 day moving average of $248.25 and a two-hundred day moving average of $267.64. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19.

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 the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to analysts' expectations 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 quarter last year, the firm posted $0.86 earnings per share. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 885 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is currently owned by corporate insiders.

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.