MongoDB, Inc. (NASDAQ:MDB) Stake Decreased by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,014 shares of the company’s stock after selling 951 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in MongoDB were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Brooklyn Investment Group acquired a new position in shares of MongoDB during the third quarter valued at approximately $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the period. NCP Inc. acquired a new position in shares of MongoDB during the fourth quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB during the third quarter valued at approximately $44,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MDB. Rosenblatt Securities assumed coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective on the stock. Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. KeyCorp lifted their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their price target on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC lifted their price target on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

Insider Activity at MongoDB

In related news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,979 shares of company stock valued at $11,265,417. Insiders own 3.60% of the company’s stock.

MongoDB Stock Up 3.3 %

Shares of NASDAQ:MDB opened at $268.30 on Thursday. The firm has a fifty day moving average of $261.64 and a two-hundred day moving average of $274.71. The firm has a market capitalization of $19.98 billion, a P/E ratio of -97.92 and a beta of 1.28. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $458.80.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.