Y Intercept Hong Kong Ltd Trims Stake in MongoDB, Inc. (NASDAQ:MDB)

Y Intercept Hong Kong Ltd reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,990 shares of the company’s stock after selling 1,649 shares during the period. Y Intercept Hong Kong Ltd’s holdings in MongoDB were worth $1,627,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new stake in MongoDB in the third quarter worth $36,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% during 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB during the third quarter valued at $44,000. 89.29% of the stock is owned by institutional investors.

MongoDB Price Performance

Shares of MDB stock opened at $259.71 on Wednesday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $459.27. The stock’s 50 day simple moving average is $261.74 and its two-hundred day simple moving average is $274.54. The company has a market cap of $19.34 billion, a PE ratio of -94.78 and a beta of 1.28.

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

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 169 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 $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % 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, Director Dwight A. Merriman sold 885 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,979 shares of company stock worth $11,265,417 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on MongoDB in a research note on Friday, January 17th. They set an “overweight” rating and a $344.00 price objective for the company. Macquarie started coverage on MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. China Renaissance assumed coverage on MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective for the company. Stifel Nicolaus boosted their price target on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $361.00.

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.