Nisa Investment Advisors LLC Has $429,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Nisa Investment Advisors LLC decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 67.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,050 shares of the company’s stock after selling 2,200 shares during the period. Nisa Investment Advisors LLC’s holdings in MongoDB were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in MongoDB during the 2nd quarter valued at $27,000. Blue Trust Inc. lifted its holdings in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the third quarter worth $30,000. Parkside Financial Bank & Trust lifted its holdings in shares of MongoDB by 176.5% during the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in shares of MongoDB during the third quarter worth $35,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $342.75 on Thursday. MongoDB, Inc. has a 12-month low of $212.52 and a 12-month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The business’s 50-day moving average price is $399.36 and its two-hundred day moving average price is $390.78. The stock has a market cap of $24.96 billion, a PE ratio of -138.21 and a beta of 1.19.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $435.00 target price on shares of MongoDB in a report on Thursday, March 14th. DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $405.00 to $430.00 in a report on Friday, March 8th. KeyCorp lifted their target price on MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Truist Financial lifted their target price on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $448.74.

Insider Activity

In other news, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now directly owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the sale, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the transaction, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is currently owned by corporate insiders.

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.