Nomura Holdings Inc. Lowers Holdings in MongoDB, Inc. (NASDAQ:MDB)

Nomura Holdings Inc. decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 85.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,183 shares of the company's stock after selling 69,669 shares during the period. Nomura Holdings Inc.'s holdings in MongoDB were worth $2,836,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB during the 4th quarter valued at about $29,000. NCP Inc. purchased a new position in MongoDB in the fourth quarter worth about $35,000. Coppell Advisory Solutions LLC raised its holdings in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after acquiring an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

NASDAQ:MDB traded down $2.28 during trading hours on Monday, hitting $189.01. 1,741,136 shares of the company were exchanged, compared to its average volume of 1,913,723. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The company's 50 day moving average price is $174.77 and its 200-day moving average price is $238.15. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of -68.98 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Oppenheimer decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Truist Financial reduced their target price on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Mizuho dropped their price target on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Wedbush dropped their price target on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $293.91.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the transaction, the chief executive officer now owns 268,948 shares of the company's stock, valued at $46,597,930.48. This trade represents a 6.44% 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, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,423 shares of company stock worth $7,148,369. Company insiders own 3.60% of the company's stock.

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.