MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Duality Advisers LP

Duality Advisers LP lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 15.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,568 shares of the company’s stock after selling 805 shares during the quarter. Duality Advisers LP’s holdings in MongoDB were worth $1,868,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the period. BluePath Capital Management LLC acquired a new stake in MongoDB during the 3rd quarter worth $30,000. AM Squared Ltd acquired a new stake in MongoDB during the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new stake in MongoDB during the 3rd quarter worth $35,000. Finally, Castleview Partners LLC acquired a new stake in MongoDB during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDB. Tigress Financial lifted their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Truist Financial lifted their price target on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Stifel Nicolaus reiterated a “buy” rating and set a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Citigroup lifted their price target on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Stock Performance

Shares of MongoDB stock opened at $340.16 on Tuesday. The business has a 50-day simple moving average of $387.85 and a 200-day simple moving average of $390.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $24.77 billion, a PE ratio of -137.16 and a beta of 1.20. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, equities research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the sale, the executive now directly owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders sold a total of 91,802 shares of company stock valued at $35,936,911 over the last three months. 4.80% of the stock is currently owned by company 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.