MongoDB, Inc. $MDB Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in MongoDB, Inc. (NASDAQ:MDB) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,306 shares of the company’s stock after selling 4,566 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $5,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MDB. ValueAct Holdings L.P. increased its position in shares of MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. AQR Capital Management LLC lifted its holdings in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after purchasing an additional 852,540 shares during the last quarter. Norges Bank acquired a new stake in MongoDB during the 2nd quarter worth $164,338,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of MongoDB by 162.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after buying an additional 678,746 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 1.9%

Shares of MDB opened at $249.36 on Thursday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The firm has a 50-day moving average price of $314.65 and a 200 day moving average price of $347.72. The firm has a market capitalization of $20.04 billion, a P/E ratio of -283.36 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. Equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDB. Rosenblatt Securities reissued a “buy” rating and issued a $425.00 price target on shares of MongoDB in a research note on Monday, March 2nd. Argus upped their price objective on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Cantor Fitzgerald cut their price objective on shares of MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Sanford C. Bernstein lowered shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Finally, Mizuho upgraded MongoDB from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $290.00 to $325.00 in a report on Monday, March 23rd. Twenty-seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $360.03.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the sale, the director owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 19,383 shares of company stock worth $7,910,983. 3.10% of the stock is owned by company insiders.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.