Sequoia Financial Advisors LLC Grows Position in MongoDB, Inc. (NASDAQ:MDB)

Sequoia Financial Advisors LLC increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 806 shares of the company’s stock after buying an additional 207 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in MongoDB were worth $330,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Citigroup boosted 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. Tigress Financial raised their price target on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Guggenheim upped their price objective on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Finally, KeyCorp decreased their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $444.93.

MongoDB Stock Down 2.1 %

Shares of NASDAQ:MDB opened at $335.55 on Friday. MongoDB, Inc. has a 1 year low of $212.52 and a 1 year high of $509.62. The stock has a 50-day simple moving average of $394.28 and a 200-day simple moving average of $390.06. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market capitalization of $24.44 billion, a P/E ratio of -135.30 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data 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). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. Equities analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the business’s 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 transaction, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The disclosure for this sale can be found here. In the last three months, insiders sold 92,802 shares of company stock worth $36,356,911. Corporate 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.