Venturi Wealth Management LLC Has $176,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Venturi Wealth Management LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 20.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 755 shares of the company’s stock after acquiring an additional 129 shares during the period. Venturi Wealth Management LLC’s holdings in MongoDB were worth $176,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MDB. Jennison Associates LLC lifted its position in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the period. Avala Global LP bought a new stake in MongoDB during the 3rd quarter valued at $47,960,000. Eagle Asset Management Inc. bought a new stake in MongoDB during the 3rd quarter valued at $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MongoDB during the 3rd quarter valued at $25,636,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,979 shares of company stock valued at $11,963,757 over the last three months. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Barclays decreased their price target on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Mizuho boosted their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Rosenblatt Securities assumed coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Down 5.8 %

NASDAQ MDB opened at $273.26 on Friday. The company has a market cap of $20.35 billion, a PE ratio of -99.73 and a beta of 1.28. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $459.70. The firm’s 50-day simple moving average is $261.59 and its two-hundred day simple moving average is $273.25.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS 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.