EFG Asset Management North America Corp. Sells 4,950 Shares of MongoDB, Inc. (NASDAQ:MDB)

EFG Asset Management North America Corp. reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,647 shares of the company's stock after selling 4,950 shares during the quarter. EFG Asset Management North America Corp.'s holdings in MongoDB were worth $3,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company's stock valued at $168,000 after purchasing an additional 22 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company's stock valued at $370,000 after buying an additional 30 shares in the last quarter. Yousif Capital Management LLC raised its holdings in MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company's stock valued at $324,000 after acquiring an additional 30 shares during the period. Valley National Advisers Inc. lifted its position in shares of MongoDB by 5.9% during the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company's stock worth $244,000 after acquiring an additional 33 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of MongoDB by 2.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company's stock worth $638,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Trading Up 0.2 %

MDB stock traded up $0.88 during midday trading on Friday, hitting $370.82. The company had a trading volume of 668,071 shares, compared to its average volume of 1,314,319. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of -149.52 and a beta of 1.19. MongoDB, Inc. has a 52 week low of $267.68 and a 52 week high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock's 50 day moving average price is $358.62 and its 200 day moving average price is $391.80.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. As a group, equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MDB shares. Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. DA Davidson upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and increased their target price for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Guggenheim boosted their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a "sell" rating in a research report on Monday, March 4th. Redburn Atlantic reissued a "sell" rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus restated a "buy" rating and set a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $444.57.

Insider Buying and Selling

In other news, CRO Cedric Pech sold 1,430 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now directly owns 45,444 shares of the company's stock, valued at approximately $15,819,510.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the transaction, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the sale, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 over the last quarter. 4.80% of the stock is owned by company insiders.

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.

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