Taylor Frigon Capital Management LLC Trims Position in MongoDB, Inc. (NASDAQ:MDB)

Taylor Frigon Capital Management LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,014 shares of the company’s stock after selling 951 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in MongoDB were worth $1,866,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB during the 4th quarter worth $606,000. Aigen Investment Management LP acquired a new stake in shares of MongoDB during the 3rd quarter worth $1,045,000. Geode Capital Management LLC increased its holdings in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB during the 3rd quarter worth $4,366,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after buying an additional 7,575 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MDB shares. Mizuho upped their price objective on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Scotiabank lowered their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Truist Financial reiterated a “buy” rating and issued a $400.00 price target (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Barclays lowered their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Rosenblatt Securities initiated coverage on MongoDB in a report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Performance

Shares of MDB stock opened at $268.30 on Thursday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $458.80. The company’s 50-day simple moving average is $261.64 and its 200-day simple moving average is $274.71. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of -97.92 and a beta of 1.28.

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

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the sale, the director now owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on 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 approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,979 shares of company stock valued at $11,265,417 over the last quarter. Insiders own 3.60% of the company’s stock.

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.