HighPoint Advisor Group LLC Sells 189 Shares of MongoDB, Inc. (NASDAQ:MDB)

by · The Cerbat Gem

HighPoint Advisor Group LLC lessened its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,328 shares of the company’s stock after selling 189 shares during the period. HighPoint Advisor Group LLC’s holdings in MongoDB were worth $309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in MongoDB by 3.8% during the third quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company’s stock worth $7,596,000 after buying an additional 1,022 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock worth $1,203,000 after acquiring an additional 72 shares in the last quarter. Captrust Financial Advisors raised its position in shares of MongoDB by 19.0% in the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock worth $391,000 after acquiring an additional 231 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of MongoDB in the 3rd quarter valued at about $1,055,000. Finally, Hilltop Holdings Inc. acquired a new stake in MongoDB during the third quarter worth approximately $292,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $163.34 on Friday. MongoDB, Inc. has a fifty-two week low of $160.29 and a fifty-two week high of $387.19. The company’s 50-day moving average is $238.83 and its 200 day moving average is $263.02. The company has a market capitalization of $13.26 billion, a P/E ratio of -59.61 and a beta of 1.49.

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

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total transaction of $205,260.75. Following the sale, the director now directly owns 19,333 shares in the company, valued at $3,377,281.77. The trade was a 5.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,032 shares of company stock valued at $9,818,567 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

MDB has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Needham & Company LLC cut their target price on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus reduced their price target on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, March 6th. KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Tigress Financial raised their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.84.

Check Out Our Latest Research Report on MDB

MongoDB Profile

(Free Report)

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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