MongoDB, Inc. (NASDAQ:MDB) Holdings Lowered by HM Payson & Co.


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HM Payson & Co. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,568 shares of the company’s stock after selling 60 shares during the quarter. HM Payson & Co.’s holdings in MongoDB were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MDB. HBC Financial Services PLLC bought a new stake in shares of MongoDB during the 4th quarter worth about $25,000. ForthRight Wealth Management LLC bought a new stake in shares of MongoDB in the 4th quarter worth approximately $27,000. McCarthy Asset Management Inc. bought a new stake in shares of MongoDB in the 4th quarter worth approximately $30,000. Navis Wealth Advisors LLC bought a new stake in shares of MongoDB in the 4th quarter worth approximately $36,000. Finally, CWM LLC raised its holdings in shares of MongoDB by 84.7% in the 4th quarter. CWM LLC now owns 109 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

In other news, Director Hope F. Cochran sold 500 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $283.25, for a total value of $141,625.00. Following the sale, the director now owns 4,592 shares of the company’s stock, valued at approximately $1,300,684. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 203 shares of the company’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $283.29, for a total transaction of $57,507.87. Following the completion of the sale, the executive now directly owns 55,294 shares in the company, valued at approximately $15,664,237.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,720 shares of company stock worth $37,796,038. 16.28% of the stock is owned by insiders.

MDB opened at $284.79 on Thursday. The firm’s 50-day simple moving average is $328.30 and its 200-day simple moving average is $312.50. The company has a debt-to-equity ratio of 43.46, a quick ratio of 4.06 and a current ratio of 4.06. MongoDB, Inc. has a twelve month low of $131.83 and a twelve month high of $428.96. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of -65.32 and a beta of 0.84.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, March 8th. The company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. MongoDB had a negative net margin of 46.73% and a negative return on equity of 343.82%. The business had revenue of $171.00 million for the quarter, compared to analyst estimates of $157.05 million. During the same quarter in the prior year, the firm earned ($0.25) EPS. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -3.57 EPS for the current fiscal year.

A number of analysts recently commented on MDB shares. UBS Group started coverage on shares of MongoDB in a report on Monday, March 29th. They issued a “neutral” rating and a $325.00 target price on the stock. Barclays boosted their target price on shares of MongoDB from $331.00 to $435.00 and gave the stock an “overweight” rating in a report on Monday, January 11th. Citigroup lifted their target price on shares of MongoDB from $465.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Smith Barney Citigroup lifted their target price on shares of MongoDB from $354.00 to $465.00 in a research report on Wednesday, January 13th. Finally, Morgan Stanley dropped their target price on shares of MongoDB from $439.00 to $415.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $383.00.

MongoDB Company Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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