Rothschild Investment LLC Sells 120 Shares of MongoDB, Inc. (NASDAQ:MDB)

Rothschild Investment LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,607 shares of the company’s stock after selling 120 shares during the quarter. Rothschild Investment LLC’s holdings in MongoDB were worth $1,073,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB in the 3rd quarter worth $36,000. Continuum Advisory LLC lifted its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc grew its position in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the 3rd quarter valued at $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective for the company. Truist Financial reiterated a “buy” rating and set a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Mizuho boosted their price objective on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial raised their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group upped their price target on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Stock Down 2.3 %

NASDAQ MDB opened at $267.10 on Tuesday. The company has a market cap of $19.89 billion, a PE ratio of -97.48 and a beta of 1.28. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $459.27. The firm’s 50-day simple moving average is $261.74 and its two-hundred day simple moving average is $274.54.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the company posted $0.96 EPS. MongoDB’s revenue was up 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the completion of the transaction, the director now owns 1,121,006 shares of the company’s stock, valued at approximately $362,084,938. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,979 shares of company stock worth $11,265,417. 3.60% of the stock is 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.