Atria Investments Inc Sells 686 Shares of MongoDB, Inc. (NASDAQ:MDB)

Atria Investments Inc cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,489 shares of the company’s stock after selling 686 shares during the quarter. Atria Investments Inc’s holdings in MongoDB were worth $347,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in MongoDB in the fourth quarter worth $35,000. Brooklyn Investment Group purchased a new position in MongoDB during the third quarter valued at $36,000. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the period. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDB. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. UBS Group set a $350.00 price target on MongoDB in a research note on Tuesday, March 4th. Mizuho lifted their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Bank of America cut their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Insider Activity

In related news, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total value of $313,713.25. Following the completion of the transaction, the director now directly owns 17,570 shares in the company, valued at $4,691,014.30. This trade represents a 6.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,314 shares of company stock worth $11,642,583. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 0.1 %

Shares of NASDAQ:MDB opened at $185.37 on Monday. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The stock has a market capitalization of $13.80 billion, a PE ratio of -67.65 and a beta of 1.30. The firm’s 50 day moving average price is $256.72 and its 200-day moving average price is $272.55.

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

MongoDB Company 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.