Mutual of America Capital Management LLC Sells 110 Shares of MongoDB, Inc. (NASDAQ:MDB)

Mutual of America Capital Management LLC lowered its holdings in MongoDB, Inc. (NASDAQ:MDB) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 997 shares of the company’s stock after selling 110 shares during the period. Mutual of America Capital Management LLC’s holdings in MongoDB were worth $408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in 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 during the last quarter. BluePath Capital Management LLC bought a new stake in MongoDB during the third quarter worth about $30,000. AM Squared Ltd bought a new stake in MongoDB during the third quarter worth about $35,000. Cullen Frost Bankers Inc. bought a new stake in MongoDB during the third quarter worth about $35,000. Finally, Castleview Partners LLC bought a new stake in MongoDB during the third quarter worth about $37,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Truist Financial upped their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Loop Capital assumed coverage on shares of MongoDB in a research note on Tuesday. They set a “buy” rating and a $415.00 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. UBS Group reiterated a “neutral” rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, JMP Securities reiterated a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $443.86.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were 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 owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly 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. Insiders sold 91,802 shares of company stock valued at $35,936,911 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

MongoDB Trading Up 7.7 %

MDB opened at $366.31 on Wednesday. The firm’s fifty day moving average is $385.74 and its two-hundred day moving average is $390.82. 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 firm has a market cap of $26.68 billion, a PE ratio of -147.71 and a beta of 1.20. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results 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). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Equities research analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current 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.