iA Global Asset Management Inc. Has $1.85 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

iA Global Asset Management Inc. lessened its position in MongoDB, Inc. (NASDAQ:MDB) by 75.9% in the fourth quarter, HoldingsChannel reports. The fund owned 7,962 shares of the company’s stock after selling 25,138 shares during the quarter. iA Global Asset Management Inc.’s holdings in MongoDB were worth $1,854,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hilltop National Bank lifted its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new position in shares of MongoDB in the fourth quarter valued at approximately $35,000. Brooklyn Investment Group bought a new position in shares of MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC lifted its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $192.54 on Friday. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The stock has a fifty day moving average of $250.97 and a 200-day moving average of $269.65. The stock has a market cap of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares of the company’s stock, valued at approximately $18,507,623.58. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock worth $11,328,869 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MDB shares. Needham & Company LLC dropped their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Macquarie dropped their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Robert W. Baird dropped their price target on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Piper Sandler dropped their price target on MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Finally, Loop Capital dropped their price target on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $320.70.

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.