Los Angeles Capital Management LLC Has $5.39 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Los Angeles Capital Management LLC reduced its holdings in MongoDB, Inc. (NASDAQ:MDB) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,184 shares of the company’s stock after selling 20,361 shares during the period. Los Angeles Capital Management LLC’s holdings in MongoDB were worth $5,390,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the last quarter. BluePath Capital Management LLC bought a new position in MongoDB in the 3rd quarter worth $30,000. AM Squared Ltd acquired a new position in MongoDB during the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. bought a new stake in MongoDB during the third quarter valued at about $35,000. Finally, Castleview Partners LLC bought a new stake in MongoDB during the 3rd quarter valued at approximately $37,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and upped their price target for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Citigroup increased their target price on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Truist Financial boosted their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Stock Performance

MDB stock opened at $362.85 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a twelve month low of $226.10 and a twelve month high of $509.62. The business has a fifty day moving average of $371.56 and a 200-day moving average of $391.28.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, equities research analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $465.37, for a total value of $930,740.00. Following the completion of the sale, the director now directly owns 1,166,784 shares of the company’s stock, valued at approximately $542,986,270.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $465.37, for a total transaction of $930,740.00. Following the sale, the director now owns 1,166,784 shares of the company’s stock, valued at approximately $542,986,270.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,802 shares of company stock worth $22,143,211. Insiders own 4.80% of the company’s stock.

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.