Ingalls & Snyder LLC Trims Holdings in MongoDB, Inc. (NASDAQ:MDB)

Ingalls & Snyder LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 85.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,575 shares of the company’s stock after selling 145,017 shares during the period. Ingalls & Snyder LLC’s holdings in MongoDB were worth $5,721,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDB. Jennison Associates LLC increased its holdings in MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the period. Assenagon Asset Management S.A. boosted its position in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares in the last quarter. Avala Global LP bought a new stake in MongoDB during the 3rd quarter valued at approximately $47,960,000. Eagle Asset Management Inc. bought a new stake in MongoDB during the 3rd quarter valued at approximately $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MongoDB during the 3rd quarter valued at approximately $25,636,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 2.2 %

Shares of MDB stock opened at $292.46 on Thursday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $488.00. The stock has a fifty day simple moving average of $265.54 and a two-hundred day simple moving average of $271.27.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 22.3% on a year-over-year basis. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,319 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the sale, the director now directly owns 87,744 shares of the company’s stock, valued at $25,087,764.48. This represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,413 shares of company stock valued at $12,082,421 in the last 90 days. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MDB shares. Macquarie started coverage on MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective on the stock. Tigress Financial lifted their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Mizuho boosted their price target on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price target on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $361.00.

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.