B. Metzler seel. Sohn & Co. AG Sells 9,806 Shares of MongoDB, Inc. (NASDAQ:MDB)

B. Metzler seel. Sohn & Co. AG cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 60.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,344 shares of the company’s stock after selling 9,806 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in MongoDB were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Bedell Frazier Investment Counselling LLC bought a new position in MongoDB in the 4th quarter valued at about $209,000. O Shaughnessy Asset Management LLC increased its stake in shares of MongoDB by 4.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock worth $383,000 after purchasing an additional 75 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in MongoDB by 10.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 85,519 shares of the company’s stock worth $21,267,000 after purchasing an additional 8,068 shares during the last quarter. Schroder Investment Management Group boosted its stake in MongoDB by 16.8% in the 4th quarter. Schroder Investment Management Group now owns 5,905 shares of the company’s stock valued at $1,375,000 after purchasing an additional 849 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in MongoDB in the 4th quarter valued at $13,832,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, January 6th. Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Royal Bank of Canada cut their price target on MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Monness Crespi & Hardt raised MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.84.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the transaction, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,857 shares of company stock worth $9,613,306 over the last ninety days. 3.60% of the stock is owned by insiders.

MongoDB Price Performance

MDB opened at $180.19 on Thursday. The company’s 50 day moving average price is $240.77 and its two-hundred day moving average price is $263.72. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of -65.76 and a beta of 1.30. MongoDB, Inc. has a fifty-two week low of $170.66 and a fifty-two week high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analyst estimates 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 company earned $0.86 earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current 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.