MongoDB, Inc. (NASDAQ:MDB) Position Trimmed by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its holdings in MongoDB, Inc. (NASDAQ:MDB) by 99.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 637 shares of the company’s stock after selling 555,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in MongoDB were worth $148,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. Hilltop National Bank grew its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Continuum Advisory LLC boosted its holdings 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 acquiring an additional 118 shares during the period. NCP Inc. bought a new position in shares of MongoDB during the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the 3rd quarter worth about $44,000. Finally, Versant Capital Management Inc boosted its stake in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $60,840,147.06. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of the business’s stock in a transaction dated 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 directly owns 85,652 shares of the company’s stock, valued at $20,785,170.84. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,857 shares of company stock valued at $9,613,306 in the last three months. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

NASDAQ MDB opened at $180.19 on Thursday. The company 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. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of -65.76 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last issued its earnings results 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 company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the business earned $0.86 EPS. On average, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Needham & Company LLC cut their target price on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Robert W. Baird decreased their price target on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Canaccord Genuity Group cut their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $312.84.

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.