MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,087 shares of the company’s stock after selling 150 shares during the quarter. Evanson Asset Management LLC’s holdings in MongoDB were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of MongoDB by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 111,487 shares of the company’s stock worth $27,865,000 after purchasing an additional 17,990 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of MongoDB by 57.5% during the 2nd quarter. AE Wealth Management LLC now owns 5,523 shares of the company’s stock worth $1,380,000 after acquiring an additional 2,017 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of MongoDB by 39.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 19,486 shares of the company’s stock valued at $4,865,000 after purchasing an additional 5,500 shares during the period. Frank Rimerman Advisors LLC purchased a new position in MongoDB during the second quarter worth about $599,000. Finally, Battery Global Advisors LLC grew its stake in shares of MongoDB by 34.3% in the 2nd quarter. Battery Global Advisors LLC now owns 2,091 shares of the company’s stock valued at $523,000 after buying an additional 534 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,045 shares of MongoDB stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the sale, the director now directly owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,821 shares of company stock valued at $6,831,215 over the last quarter. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial reiterated a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Loop Capital increased their target price on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company boosted their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Oppenheimer lifted their price objective on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $363.93.

MongoDB Stock Up 2.1 %

Shares of NASDAQ MDB opened at $253.11 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The business has a 50-day moving average price of $277.47 and a 200 day moving average price of $269.11. The stock has a market cap of $18.85 billion, a PE ratio of -92.38 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the previous year, the company posted $0.96 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Sell-side analysts anticipate that MongoDB, Inc. will post -1.79 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.