Captrust Financial Advisors Sells 450 Shares of MongoDB, Inc. (NASDAQ:MDB)

Captrust Financial Advisors reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 995 shares of the company’s stock after selling 450 shares during the quarter. Captrust Financial Advisors’ holdings in MongoDB were worth $232,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDB. Norges Bank bought a new position in MongoDB in the 4th quarter valued at about $189,584,000. Marshall Wace LLP bought a new stake in shares of MongoDB during the 4th quarter valued at approximately $110,356,000. Raymond James Financial Inc. bought a new stake in shares of MongoDB during the 4th quarter valued at approximately $90,478,000. D1 Capital Partners L.P. bought a new stake in shares of MongoDB during the 4th quarter valued at approximately $76,129,000. Finally, Amundi grew its holdings in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after purchasing an additional 321,186 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,538 shares of company stock worth $6,889,905 in the last quarter. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Down 2.1%

MongoDB stock opened at $185.01 on Thursday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $379.06. The firm’s fifty day moving average is $174.84 and its 200 day moving average is $237.45. The company has a market capitalization of $15.02 billion, a PE ratio of -67.52 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released its earnings results 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 company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the firm earned $0.86 EPS. Sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MDB shares. Piper Sandler decreased their price target on shares of MongoDB from $280.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Redburn Atlantic raised shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target on the stock in a report on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.91.

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.