Cibc World Markets Corp Reduces Stake in MongoDB, Inc. (NASDAQ:MDB)

Cibc World Markets Corp trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,980 shares of the company’s stock after selling 913 shares during the quarter. Cibc World Markets Corp’s holdings in MongoDB were worth $1,159,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of MongoDB by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock worth $1,648,000 after buying an additional 160 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of MongoDB by 18.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,005 shares of the company’s stock valued at $272,000 after purchasing an additional 153 shares in the last quarter. Natixis Advisors LLC grew its position in shares of MongoDB by 51.5% in the third quarter. Natixis Advisors LLC now owns 18,304 shares of the company’s stock valued at $4,948,000 after purchasing an additional 6,221 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of MongoDB by 16.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,508 shares of the company’s stock worth $678,000 after purchasing an additional 360 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of MongoDB during the 3rd quarter worth approximately $100,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 in the last quarter. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $192.54 on Friday. The business’s 50-day simple moving average is $250.97 and its 200 day simple moving average is $269.65. The company has a market cap of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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). The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the business earned $0.86 EPS. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson raised their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Macquarie cut their target price on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group decreased their price target on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Finally, UBS Group set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.70.

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.