Corient Private Wealth LLC Sells 92 Shares of MongoDB, Inc. (NASDAQ:MDB)

Corient Private Wealth LLC cut its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,331 shares of the company’s stock after selling 92 shares during the quarter. Corient Private Wealth LLC’s holdings in MongoDB were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in MongoDB in the fourth quarter valued at about $326,237,000. Clearbridge Investments LLC grew its stake in MongoDB by 10,827.8% in the fourth quarter. Clearbridge Investments LLC now owns 212,983 shares of the company’s stock valued at $87,078,000 after purchasing an additional 211,034 shares during the last quarter. Jennison Associates LLC grew its stake in MongoDB by 3.3% in the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock valued at $1,576,876,000 after purchasing an additional 122,893 shares during the last quarter. Quadrature Capital Ltd purchased a new position in MongoDB in the third quarter valued at about $37,482,000. Finally, Federated Hermes Inc. grew its stake in MongoDB by 314.8% in the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock valued at $46,587,000 after purchasing an additional 102,225 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Cedric Pech sold 1,430 shares of the company’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 directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,802 shares of company stock worth $16,514,071. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MDB shares. Needham & Company LLC lowered their price target on MongoDB from $465.00 to $290.00 and set a “buy” rating for the company in a report on Friday. Mizuho lowered their price target on MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company lowered their price target on MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a report on Friday. DA Davidson raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday. Finally, Truist Financial lowered their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.11.

Read Our Latest Report on MDB

MongoDB Stock Down 0.6 %

MongoDB stock opened at $234.61 on Tuesday. The stock has a market capitalization of $17.09 billion, a PE ratio of -83.49 and a beta of 1.13. MongoDB, Inc. has a 12 month low of $225.25 and a 12 month high of $509.62. The business has a 50 day simple moving average of $350.94 and a 200-day simple moving average of $389.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. The firm had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. On average, analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

MongoDB Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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