MongoDB, Inc. $MDB Shares Sold by WJ Financial Advisors LLC

Key Points

• WJ Financial Advisors LLC reduced its stake in MongoDB by 58.3% in Q4, selling 4,921 shares and retaining 3,527 shares worth about $1.48 million, while institutional investors collectively own roughly 89.29% of the stock.
• Company insiders have sold 14,756 shares in the past 90 days (including directors Hope Cochran and Dwight Merriman), generating about $3.73 million and cutting insider ownership to 3.10%.
• Analyst views are mixed—several firms trimmed price targets while Mizuho upgraded—leaving a MarketBeat consensus of Moderate Buy with a $361.97 target; MongoDB recently beat EPS and revenue estimates with 26.8% revenue growth but still posts negative net margin and ROE.

WJ Financial Advisors LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,527 shares of the company's stock after selling 4,921 shares during the period. MongoDB comprises approximately 1.3% of WJ Financial Advisors LLC's holdings, making the stock its 22nd largest position. WJ Financial Advisors LLC's holdings in MongoDB were worth $1,480,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Clark Financial Services Group Inc. BD increased its holdings in MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company's stock valued at $702,000 after buying an additional 25 shares in the last quarter. True Wealth Design LLC grew its position in shares of MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company's stock valued at $176,000 after purchasing an additional 36 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in MongoDB by 3.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company's stock worth $342,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. grew its stake in MongoDB by 4.3% in the 4th quarter. Whittier Trust Co. now owns 976 shares of the company's stock worth $425,000 after acquiring an additional 40 shares during the period. Finally, Savvy Advisors Inc. grew its stake in MongoDB by 5.0% in the 4th quarter. Savvy Advisors Inc. now owns 928 shares of the company's stock worth $389,000 after acquiring an additional 44 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred 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 sale, the director directly owned 24,093 shares of the company's stock, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 476,896 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 14,756 shares of company stock valued at $3,734,893. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

MDB has been the topic of a number of research analyst reports. UBS Group decreased their price target on shares of MongoDB from $440.00 to $275.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Mizuho raised MongoDB from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $290.00 to $325.00 in a research report on Monday, March 23rd. Stifel Nicolaus dropped their price target on shares of MongoDB from $450.00 to $330.00 and set a "buy" rating on the stock in a research note 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. Finally, Piper Sandler decreased their price objective on shares of MongoDB from $490.00 to $330.00 and set an "overweight" rating for the company in a report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $361.97.

MongoDB Trading Up 5.0%

Shares of NASDAQ MDB opened at $263.46 on Friday. The stock has a 50 day simple moving average of $264.86 and a 200-day simple moving average of $337.59. The company has a market cap of $21.17 billion, a PE ratio of -299.39 and a beta of 1.48. MongoDB, Inc. has a 12-month low of $169.26 and a 12-month high of $444.72.

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

MongoDB 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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