Edmond DE Rothschild Holding S.A. Has $148,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Edmond DE Rothschild Holding S.A. decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 99.9% in the fourth quarter, Holdings Channel reports. The fund owned 637 shares of the company’s stock after selling 555,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in MongoDB were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Hilltop National Bank increased its position in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. acquired a new stake in MongoDB in the 4th quarter worth $35,000. Continuum Advisory LLC increased its holdings in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB in the third quarter valued at about $44,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Up 2.0 %

Shares of MDB stock opened at $180.19 on Thursday. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of -65.76 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $170.66 and a 12 month high of $387.19. The stock has a 50-day moving average price of $240.77 and a 200 day moving average price of $263.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the firm earned $0.86 earnings per share. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of several research reports. Morgan Stanley lowered their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Robert W. Baird reduced their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Bank of America lowered their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Canaccord Genuity Group dropped their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research note 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 analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.84.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the sale, the director now owns 85,652 shares in the company, valued at approximately $20,785,170.84. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,857 shares of company stock worth $9,613,306. Insiders own 3.60% of the company’s stock.

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.