Signaturefd LLC Has $329,000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Signaturefd LLC cut its position in MongoDB, Inc. (NASDAQ:MDB) by 19.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,413 shares of the company’s stock after selling 339 shares during the quarter. Signaturefd LLC’s holdings in MongoDB were worth $329,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Nicholas Company Inc. boosted its stake in MongoDB by 94.5% in the fourth quarter. Nicholas Company Inc. now owns 202,509 shares of the company’s stock worth $47,146,000 after purchasing an additional 98,394 shares in the last quarter. Natixis Advisors LLC lifted its position in MongoDB by 49.7% during the 4th quarter. Natixis Advisors LLC now owns 27,397 shares of the company’s stock worth $6,378,000 after buying an additional 9,093 shares in the last quarter. LBP AM SA grew its holdings in MongoDB by 81.9% during the 4th quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after acquiring an additional 110,768 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in MongoDB by 12.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 24,286 shares of the company’s stock valued at $5,683,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of MongoDB in the fourth quarter worth about $1,668,000. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Rosenblatt Securities reissued a “buy” rating and issued a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Cantor Fitzgerald initiated coverage on MongoDB in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 target price for the company. Wedbush cut their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Loop Capital lowered their price objective on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.70.

MongoDB Stock Performance

NASDAQ MDB opened at $192.54 on Friday. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The stock’s 50 day moving average price is $250.97 and its two-hundred day moving average price is $269.65. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other MongoDB news, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.