Duality Advisers LP Lowers Holdings in MongoDB, Inc. (NASDAQ:MDB)

Duality Advisers LP cut its position in MongoDB, Inc. (NASDAQ:MDB) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,568 shares of the company’s stock after selling 805 shares during the quarter. Duality Advisers LP’s holdings in MongoDB were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BluePath Capital Management LLC purchased a new stake in MongoDB in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in MongoDB in the 3rd quarter worth approximately $35,000. AM Squared Ltd purchased a new stake in MongoDB in the 3rd quarter worth approximately $35,000. Finally, Castleview Partners LLC purchased a new stake in MongoDB in the 3rd quarter worth approximately $37,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDB has been the topic of several research reports. Citigroup raised their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Truist Financial raised their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. UBS Group reissued a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, Redburn Atlantic reaffirmed a “sell” rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $443.86.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the sale, the director now directly owns 527,896 shares in the company, valued at $213,375,563.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the sale, the chief executive officer now directly owns 198,166 shares in the company, valued at $80,409,817.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the sale, the director now owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is owned by company insiders.

MongoDB Stock Up 3.9 %

MDB opened at $340.16 on Tuesday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average price of $387.85 and a 200-day moving average price of $390.73. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of -137.16 and a beta of 1.20.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. Equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current 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.