Newbridge Financial Services Group Inc. Sells 106 Shares of MongoDB, Inc. (NASDAQ:MDB)

Newbridge Financial Services Group Inc. cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 6.8% in the fourth quarter, HoldingsChannel reports. The fund owned 1,446 shares of the company’s stock after selling 106 shares during the period. Newbridge Financial Services Group Inc.’s holdings in MongoDB were worth $337,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MDB. Vaughan Nelson Investment Management L.P. bought a new position in MongoDB in the 4th quarter worth approximately $15,522,000. Stephens Investment Management Group LLC increased its stake in shares of MongoDB by 34.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 41,183 shares of the company’s stock valued at $9,588,000 after buying an additional 10,519 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of MongoDB by 20.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,382 shares of the company’s stock worth $1,719,000 after acquiring an additional 1,274 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of MongoDB by 12.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 195,443 shares of the company’s stock valued at $45,501,000 after acquiring an additional 21,308 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in MongoDB by 287.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,736 shares of the company’s stock valued at $13,130,000 after acquiring an additional 41,339 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on MDB shares. Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus raised their price objective on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Scotiabank dropped their target price on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Barclays reduced their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Needham & Company LLC upped their price objective on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Down 0.1 %

Shares of MDB stock opened at $277.87 on Monday. The firm has a market cap of $20.69 billion, a PE ratio of -101.41 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company’s fifty day simple moving average is $267.08 and its 200-day simple moving average is $270.65.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the sale, the director now directly owns 1,113,006 shares in the company, valued at approximately $296,059,596. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,491 shares of company stock worth $11,543,480 over the last ninety days. 3.60% of the stock is currently owned by corporate 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.