Jefferies Financial Group Inc. Has $842,000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Key Points

• Jefferies Financial Group Inc. has reduced its stake in MongoDB, Inc. by 37.2%, now holding 4,800 shares valued at approximately $842,000.
• In the fourth quarter, several institutional investors have increased their holdings in MongoDB, with Prudential PLC upping their stake by 55.9% and Aviva PLC by 68.1%.
• MongoDB's stock experienced an upswing of 3.3% during midday trading, reaching $235.82, following a report of better-than-expected earnings for the last quarter.

Jefferies Financial Group Inc. lessened its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 37.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,800 shares of the company's stock after selling 2,843 shares during the period. Jefferies Financial Group Inc.'s holdings in MongoDB were worth $842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after buying an additional 75 shares during the last quarter. Prudential PLC lifted its holdings in MongoDB by 55.9% during the 4th quarter. Prudential PLC now owns 3,444 shares of the company's stock worth $802,000 after buying an additional 1,235 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in MongoDB during the 4th quarter worth approximately $4,866,000. Aviva PLC grew its position in shares of MongoDB by 68.1% in the 4th quarter. Aviva PLC now owns 44,405 shares of the company's stock worth $10,338,000 after acquiring an additional 17,992 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of MongoDB by 4.4% in the 4th quarter. Wedbush Securities Inc. now owns 2,945 shares of the company's stock valued at $686,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at approximately $60,131,916. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock valued at $11,936,656 over the last three months. Company insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDB shares. Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $350.00 to $190.00 in a research note on Tuesday, May 20th. Stephens assumed coverage on shares of MongoDB in a report on Friday, July 18th. They set an "equal weight" rating and a $247.00 target price on the stock. Macquarie reaffirmed a "neutral" rating and issued a $230.00 price target (up from $215.00) on shares of MongoDB in a report on Friday, June 6th. Cantor Fitzgerald boosted their price objective on shares of MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, BMO Capital Markets assumed coverage on MongoDB in a research note on Monday, July 28th. They issued an "outperform" rating and a $280.00 target price for the company. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $281.31.

MongoDB Trading Up 3.3%

NASDAQ:MDB traded up $7.57 during midday trading on Wednesday, hitting $235.82. 1,787,292 shares of the stock were exchanged, compared to its average volume of 2,182,441. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of -206.86 and a beta of 1.44. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The business has a 50-day moving average price of $214.05 and a two-hundred day moving average price of $212.07.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same period last year, the firm earned $0.51 EPS. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company 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.