Fiera Capital Corp Has $51 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Fiera Capital Corp lessened its stake in MongoDB, Inc. (NASDAQ:MDB) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,044 shares of the company’s stock after selling 6,703 shares during the quarter. Fiera Capital Corp owned approximately 0.29% of MongoDB worth $50,996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDB. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new stake in MongoDB in the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its holdings in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Continuum Advisory LLC grew its holdings in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its position in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 2.2 %

Shares of MDB opened at $292.46 on Thursday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $488.00. The business’s fifty day moving average is $265.54 and its 200-day moving average is $271.27.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,413 shares of company stock valued at $12,082,421 in the last quarter. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on MDB shares. Wells Fargo & Company lifted their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Barclays reduced their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Piper Sandler reiterated an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Canaccord Genuity Group raised their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Rosenblatt Securities started coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

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.