SeaBridge Investment Advisors LLC Trims Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

SeaBridge Investment Advisors LLC reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 21.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,711 shares of the company’s stock after selling 726 shares during the period. SeaBridge Investment Advisors LLC’s holdings in MongoDB were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Hilltop National Bank boosted its stake in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Quarry LP boosted its stake in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Brooklyn Investment Group bought a new position in shares of MongoDB during the third quarter valued at approximately $36,000. GAMMA Investing LLC increased its stake in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Finally, Continuum Advisory LLC lifted its holdings in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $269.57, for a total transaction of $808,710.00. Following the completion of the transaction, the director now owns 1,127,006 shares in the company, valued at $303,807,007.42. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,491 shares of company stock worth $11,554,190. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Up 0.8 %

Shares of MongoDB stock opened at $273.32 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a 50-day simple moving average of $272.39 and a two-hundred day simple moving average of $269.78.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Tigress Financial upped their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barclays dropped their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company upped their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Wedbush raised MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $361.00.

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.