Emerald Advisers LLC Sells 514 Shares of MongoDB, Inc. (NASDAQ:MDB)

Emerald Advisers LLC trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,587 shares of the company’s stock after selling 514 shares during the quarter. Emerald Advisers LLC’s holdings in MongoDB were worth $1,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Hilltop National Bank grew its stake 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 during the last quarter. Brooklyn Investment Group acquired a new position in MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC grew its stake in 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 last quarter. NCP Inc. acquired a new position in MongoDB in the 4th quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB in the 3rd quarter valued at about $44,000. 89.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,139 shares of company stock valued at $11,328,869. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $192.54 on Monday. The company has a market cap of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30. The firm has a 50 day simple moving average of $250.97 and a 200 day simple moving average of $269.40. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results 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 business had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $0.86 EPS. As a group, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Needham & Company LLC decreased their price target on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Truist Financial decreased their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Barclays decreased their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Finally, UBS Group set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target 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.