Cetera Investment Advisers Buys 4,384 Shares of MongoDB, Inc. (NASDAQ:MDB)

Cetera Investment Advisers grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 44.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,316 shares of the company's stock after acquiring an additional 4,384 shares during the period. Cetera Investment Advisers' holdings in MongoDB were worth $3,333,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. OneDigital Investment Advisors LLC grew its holdings in MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after acquiring an additional 39 shares during the period. Avestar Capital LLC boosted its position in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP boosted its position in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after purchasing an additional 55 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after purchasing an additional 66 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after purchasing an additional 75 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This trade represents a 2.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $58,121,799.12. The trade was a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,538 shares of company stock valued at $6,889,905 in the last three months. Company insiders own 3.60% of the company's stock.

MongoDB Stock Performance

MongoDB stock traded up $2.98 during mid-day trading on Thursday, reaching $187.99. The company's stock had a trading volume of 666,455 shares, compared to its average volume of 1,921,548. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $379.06. The company has a market capitalization of $15.26 billion, a P/E ratio of -68.42 and a beta of 1.49. The firm's fifty day moving average price is $174.84 and its two-hundred day moving average price is $237.45.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on MDB. Citigroup cut their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group dropped their price target on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Wedbush decreased their price objective on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Daiwa Capital Markets initiated coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $288.91.

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.