Dynamic Technology Lab Private Ltd Sells 721 Shares of MongoDB, Inc. (NASDAQ:MDB)

Dynamic Technology Lab Private Ltd cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,581 shares of the company’s stock after selling 721 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in MongoDB were worth $1,067,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Hilltop National Bank increased its position 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 purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new stake in shares of MongoDB during the fourth quarter worth $35,000. Continuum Advisory LLC increased 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 worth $40,000 after buying an additional 118 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction 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 directly 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, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,060 shares of company stock valued at $13,461,875. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Down 5.5 %

NASDAQ MDB opened at $154.39 on Friday. MongoDB, Inc. has a 52 week low of $151.52 and a 52 week high of $387.19. The business has a 50 day moving average price of $236.68 and a 200-day moving average price of $261.91. The company has a market cap of $12.53 billion, a price-to-earnings ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 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 for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the firm posted $0.86 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the subject of several research reports. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Cantor Fitzgerald initiated coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target for the company. Finally, Morgan Stanley decreased their price objective on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.84.

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.