B. Metzler seel. Sohn & Co. AG Sells 9,806 Shares of MongoDB, Inc. (NASDAQ:MDB)

B. Metzler seel. Sohn & Co. AG lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 60.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,344 shares of the company’s stock after selling 9,806 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in MongoDB were worth $1,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after buying an additional 34,814 shares during the last quarter. Norges Bank acquired a new position in MongoDB during the 4th quarter worth about $189,584,000. Amundi grew its holdings in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after acquiring an additional 321,186 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in MongoDB in the 4th quarter valued at about $90,478,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Oppenheimer decreased their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Tigress Financial upped their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup lowered their price objective on MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Canaccord Genuity Group cut their target price on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

MongoDB Stock Performance

NASDAQ:MDB opened at $180.19 on Thursday. The company has a market cap of $14.63 billion, a PE ratio of -65.76 and a beta of 1.30. The stock has a 50-day simple moving average of $240.77 and a 200 day simple moving average of $263.72. MongoDB, Inc. has a 52-week low of $170.66 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the business earned $0.86 earnings per share. On average, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the sale, the director now owns 85,652 shares of the company’s stock, valued at approximately $20,785,170.84. This represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $58,121,799.12. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,857 shares of company stock worth $9,613,306 in the last three months. Insiders own 3.60% of the company’s stock.

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.