HighPoint Advisor Group LLC Has $309,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

HighPoint Advisor Group LLC decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,328 shares of the company’s stock after selling 189 shares during the period. HighPoint Advisor Group LLC’s holdings in MongoDB were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Hilltop National Bank raised its position in MongoDB by 47.2% during 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. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter worth about $35,000. Continuum Advisory LLC raised 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 valued at $40,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc lifted its stake 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 last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB during the third quarter worth about $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the sale, the director now owns 19,333 shares in the company, valued at $3,377,281.77. The trade was a 5.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now owns 217,294 shares of the company’s stock, valued at $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,032 shares of company stock valued at $9,818,567. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MongoDB stock opened at $163.34 on Friday. The stock has a fifty day moving average of $238.83 and a 200-day moving average of $263.02. The stock has a market capitalization of $13.26 billion, a P/E ratio of -59.61 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $160.29 and a 52 week high of $387.19.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the company posted $0.86 EPS. On average, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on MDB shares. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler decreased their price target on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $312.84.

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.