MML Investors Services LLC Has $1.64 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

MML Investors Services LLC cut its holdings in MongoDB, Inc. (NASDAQ:MDB) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,039 shares of the company’s stock after selling 213 shares during the quarter. MML Investors Services LLC’s holdings in MongoDB were worth $1,639,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. MYDA Advisors LLC increased its position in MongoDB by 128.8% during the fourth quarter. MYDA Advisors LLC now owns 36,600 shares of the company’s stock worth $8,521,000 after buying an additional 20,600 shares during the last quarter. Natixis lifted its position in shares of MongoDB by 209.4% during the 4th quarter. Natixis now owns 1,850 shares of the company’s stock valued at $431,000 after acquiring an additional 1,252 shares during the period. Ostrum Asset Management lifted its holdings in shares of MongoDB by 460.8% during the 4th quarter. Ostrum Asset Management now owns 2,159 shares of the company’s stock worth $503,000 after acquiring an additional 1,774 shares during the period. Ossiam lifted its position in shares of MongoDB by 16.0% during the 4th quarter. Ossiam now owns 791 shares of the company’s stock worth $184,000 after buying an additional 109 shares during the last quarter. Finally, Curi RMB Capital LLC increased its position in MongoDB by 43.8% during the 4th quarter. Curi RMB Capital LLC now owns 32,901 shares of the company’s stock worth $7,660,000 after purchasing an additional 10,029 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the transaction, the director now owns 1,113,006 shares of the company’s stock, valued at approximately $296,059,596. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares in the company, valued at approximately $46,597,930.48. This represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,345 shares of company stock valued at $8,485,310. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MDB shares. Wedbush reduced their target price on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Mizuho reduced their target price on MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus decreased their target price on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Macquarie lowered their target price on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $294.78.

MongoDB Price Performance

Shares of MDB opened at $174.69 on Wednesday. The firm has a market cap of $14.18 billion, a P/E ratio of -63.76 and a beta of 1.49. The stock has a 50 day simple moving average of $190.43 and a two-hundred day simple moving average of $247.31. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB) last posted 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). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the company earned $0.86 earnings per share. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.