MongoDB, Inc. (NASDAQ:MDB) Holdings Trimmed by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 52.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,008 shares of the company's stock after selling 2,213 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in MongoDB were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB during the 4th quarter worth about $29,000. NCP Inc. purchased a new stake in shares of MongoDB during the 4th quarter worth about $35,000. Coppell Advisory Solutions LLC grew its holdings in shares of MongoDB by 364.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after purchasing an additional 182 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after purchasing an additional 134 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in shares of MongoDB by 57.4% during the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at $46,597,930.48. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,423 shares of company stock valued at $7,148,369. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDB. Loop Capital decreased their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Mizuho decreased their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. The Goldman Sachs Group decreased their price target on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Oppenheimer decreased their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $293.91.

MongoDB Stock Down 1.2%

NASDAQ MDB traded down $2.28 during trading hours on Monday, hitting $189.01. The company had a trading volume of 1,741,136 shares, compared to its average volume of 1,913,723. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $379.06. The business has a fifty day simple moving average of $174.77 and a 200-day simple moving average of $238.15. The firm has a market cap of $15.35 billion, a P/E ratio of -68.98 and a beta of 1.49.

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

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.