Bluebird Wealth Management LLC Acquires New Holdings in MongoDB, Inc. $MDB

Bluebird Wealth Management LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,295 shares of the company's stock, valued at approximately $1,802,000. MongoDB accounts for approximately 1.7% of Bluebird Wealth Management LLC's holdings, making the stock its 24th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in MongoDB by 74.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,914 shares of the company's stock worth $803,000 after purchasing an additional 819 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in MongoDB by 16.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 88,298 shares of the company's stock worth $35,288,000 after purchasing an additional 12,304 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in MongoDB by 20.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,834 shares of the company's stock worth $3,708,000 after purchasing an additional 1,516 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in MongoDB by 115.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 354,720 shares of the company's stock worth $148,872,000 after purchasing an additional 189,820 shares during the last quarter. Finally, Highland Capital Management LLC purchased a new position in MongoDB in the fourth quarter worth $1,174,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MDB. Stifel Nicolaus cut their price target on shares of MongoDB from $450.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Sanford C. Bernstein lowered shares of MongoDB from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 3rd. Oppenheimer cut their price target on shares of MongoDB from $425.00 to $375.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings lowered shares of MongoDB from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, April 29th. Finally, Bank of America cut their price target on shares of MongoDB from $400.00 to $350.00 and set an "underperform" rating on the stock in a report on Wednesday, April 22nd. Twenty-six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $361.97.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the business's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $252.33, for a total transaction of $1,009,320.00. Following the transaction, the director owned 476,896 shares of the company's stock, valued at $120,335,167.68. This represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,566 shares of company stock valued at $3,294,891 over the last quarter. Insiders own 3.10% of the company's stock.

MongoDB Trading Down 0.5%

NASDAQ:MDB opened at $265.26 on Thursday. MongoDB, Inc. has a 12 month low of $170.88 and a 12 month high of $444.72. The firm has a fifty day simple moving average of $262.50 and a 200-day simple moving average of $337.05. The company has a market capitalization of $21.32 billion, a P/E ratio of -301.43 and a beta of 1.48.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period in the previous year, the firm posted $1.28 earnings per share. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. Equities analysts forecast that MongoDB, Inc. will post -0.46 EPS for the current year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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