Emerald Advisers LLC Sells 514 Shares of MongoDB, Inc. (NASDAQ:MDB)

Emerald Advisers LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,587 shares of the company’s stock after selling 514 shares during the period. Emerald Advisers LLC’s holdings in MongoDB were worth $1,301,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hilltop National Bank raised its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. acquired a new position in shares of MongoDB during the fourth quarter valued at about $35,000. Brooklyn Investment Group acquired a new position in shares of MongoDB during the third quarter valued at about $36,000. Continuum Advisory LLC raised its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

MDB opened at $192.54 on Monday. The company has a fifty day moving average price of $250.97 and a two-hundred day moving average price of $269.40. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The firm has a market capitalization of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (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 firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the firm earned $0.86 EPS. Equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

MDB has been the subject of a number of research analyst reports. Bank of America cut their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Scotiabank reissued a “sector perform” rating and issued a $240.00 price target (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. DA Davidson increased their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley dropped their price target on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, Piper Sandler dropped their price target on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $320.70.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $291,442.05. Following the sale, the chief financial officer now directly owns 79,062 shares of the company’s stock, valued at $18,507,623.58. The trade was a 1.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at $55,379,548.84. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is owned by corporate insiders.

MongoDB 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.