MongoDB, Inc. (NASDAQ:MDB) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,749 shares of the company’s stock after selling 495 shares during the period. GraniteShares Advisors LLC’s holdings in MongoDB were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Nisa Investment Advisors LLC lifted its holdings in shares of MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after acquiring an additional 40 shares during the period. Hilltop National Bank lifted its holdings in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Avestar Capital LLC lifted its holdings in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after acquiring an additional 42 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after acquiring an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of MDB opened at $259.71 on Wednesday. The business’s fifty day moving average price is $261.74 and its 200 day moving average price is $274.54. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.27. The stock has a market capitalization of $19.34 billion, a PE ratio of -94.78 and a beta of 1.28.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Monness Crespi & Hardt lowered shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Monday, December 16th. Morgan Stanley raised their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Piper Sandler restated an “overweight” rating and issued a $425.00 price target on shares of MongoDB in a report on Tuesday, December 10th. Oppenheimer raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC raised their price target on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $361.00.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $323.00, for a total value of $969,000.00. Following the completion of the sale, the director now owns 1,121,006 shares in the company, valued at $362,084,938. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,979 shares of company stock worth $11,265,417 over the last ninety days. 3.60% of the stock is owned by insiders.

MongoDB 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.