MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Reduced by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 19.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,528 shares of the company’s stock after selling 26,170 shares during the period. Federated Hermes Inc.’s holdings in MongoDB were worth $44,372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC increased its holdings in MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after buying an additional 30 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after purchasing an additional 33 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of MongoDB by 4.8% in the 3rd quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock valued at $264,000 after purchasing an additional 35 shares during the last quarter. Choreo LLC lifted its stake in shares of MongoDB by 3.5% in the 3rd quarter. Choreo LLC now owns 1,076 shares of the company’s stock valued at $372,000 after purchasing an additional 36 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in MongoDB by 38.3% in the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after purchasing an additional 36 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Down 2.4 %

Shares of MDB stock opened at $327.47 on Friday. MongoDB, Inc. has a 12-month low of $212.52 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a 50-day moving average price of $390.81 and a 200 day moving average price of $389.91.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share 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, research analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Tigress Financial boosted their price target on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Redburn Atlantic reissued a “sell” rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Needham & Company LLC reiterated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research note on Tuesday, April 9th. Stifel Nicolaus restated a “buy” rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Finally, Truist Financial lifted their price target on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $444.93.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, 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 filing with the SEC, which can be accessed through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the transaction, the director now directly owns 528,896 shares in the company, valued at approximately $222,136,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,802 shares of company stock worth $36,356,911. 4.80% of the stock is currently owned by insiders.

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.