Versor Investments LP Reduces Position in MongoDB, Inc. (NASDAQ:MDB)

Versor Investments LP trimmed its stake in MongoDB, Inc. (NASDAQ:MDB) by 33.3% in the 4th quarter, HoldingsChannel reports. The firm owned 997 shares of the company’s stock after selling 498 shares during the period. Versor Investments LP’s holdings in MongoDB were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank increased its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. bought a new position in shares of MongoDB during the 4th quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new stake in MongoDB in the 3rd quarter worth approximately $36,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Down 1.8 %

MongoDB stock opened at $254.38 on Wednesday. The firm has a market capitalization of $18.94 billion, a PE ratio of -92.84 and a beta of 1.28. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $428.91. The firm has a 50-day moving average price of $263.28 and a 200-day moving average price of $275.36.

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

Insiders Place Their Bets

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the sale, the chief financial officer now directly owns 79,062 shares of the company’s stock, valued at approximately $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 24,390 shares of the company’s stock, valued at approximately $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 have sold 47,314 shares of company stock worth $12,525,863 in the last ninety days. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MDB shares. Mizuho increased their price objective on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Canaccord Genuity Group raised their price target on MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC increased their target price on MongoDB from $335.00 to $415.00 and gave the stock a “buy” 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 report on Monday, January 6th. Finally, Oppenheimer upped their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $361.83.

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.