Princeton Capital Management LLC Has $573,000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Princeton Capital Management LLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 24.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,462 shares of the company’s stock after selling 785 shares during the quarter. Princeton Capital Management LLC’s holdings in MongoDB were worth $573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC grew its stake in shares of MongoDB by 10.7% in the 3rd quarter. Intech Investment Management LLC now owns 5,205 shares of the company’s stock valued at $1,407,000 after buying an additional 502 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after buying an additional 7,575 shares during the last quarter. Nwam LLC bought a new stake in MongoDB during the 3rd quarter worth approximately $211,000. Cerity Partners LLC raised its stake in shares of MongoDB by 8.3% in the third quarter. Cerity Partners LLC now owns 9,094 shares of the company’s stock worth $2,459,000 after purchasing an additional 695 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of MongoDB by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 10,323 shares of the company’s stock worth $2,791,000 after purchasing an additional 1,132 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 217,294 shares in the company, valued at $55,379,548.84. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MDB shares. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, January 6th. Loop Capital lowered their target price on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada cut their price target on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Barclays decreased their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Finally, Mizuho lifted their target price on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.70.

MongoDB Stock Up 2.6 %

NASDAQ MDB opened at $197.48 on Tuesday. The company has a 50-day simple moving average of $250.11 and a two-hundred day simple moving average of $268.75. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of -72.07 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during 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 in the previous year, the firm posted $0.86 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.