MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 21,642 shares of the company’s stock after selling 230 shares during the period. MongoDB comprises approximately 2.2% of Fernwood Investment Management LLC’s portfolio, making the stock its 6th biggest holding. Fernwood Investment Management LLC’s holdings in MongoDB were worth $8,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Insigneo Advisory Services LLC increased its holdings in shares of MongoDB by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after purchasing an additional 30 shares in the last quarter. Yousif Capital Management LLC increased its holdings in MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after acquiring an additional 30 shares in the last quarter. Valley National Advisers Inc. increased its holdings in MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after acquiring an additional 33 shares in the last quarter. Choreo LLC increased its holdings in MongoDB by 3.5% in the 3rd quarter. Choreo LLC now owns 1,076 shares of the company’s stock worth $372,000 after acquiring an additional 36 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in MongoDB by 38.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after acquiring an additional 36 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $11.86 during trading on Monday, hitting $371.94. 1,150,860 shares of the company were exchanged, compared to its average volume of 1,381,000. The company has a market cap of $27.09 billion, a price-to-earnings ratio of -149.98 and a beta of 1.19. MongoDB, Inc. has a 1 year low of $215.56 and a 1 year high of $509.62. The firm’s fifty day moving average price is $379.60 and its 200 day moving average price is $391.08. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, sell-side analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the transaction, the director now owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the sale, the director now owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Truist Financial boosted their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. UBS Group reaffirmed a “neutral” rating and set a $410.00 target price (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Tigress Financial lifted their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $443.86.

About MongoDB

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.