Cynosure Group LLC Sells 76 Shares of MongoDB, Inc. (NASDAQ:MDB)

Cynosure Group LLC decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,228 shares of the company’s stock after selling 76 shares during the period. Cynosure Group LLC’s holdings in MongoDB were worth $286,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. B.O.S.S. Retirement Advisors LLC acquired a new position in MongoDB during the 4th quarter worth $606,000. Geode Capital Management LLC lifted its position in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the 4th quarter valued at approximately $3,515,000. Nisa Investment Advisors LLC grew its holdings in MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after buying an additional 4,665 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock worth $4,371,000 after buying an additional 372 shares during the period. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $266.00, for a total value of $798,000.00. Following the sale, the director now owns 1,113,006 shares of the company’s stock, valued at approximately $296,059,596. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,032 shares of company stock valued at $9,818,567 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $163.34 on Friday. MongoDB, Inc. has a 52 week low of $160.29 and a 52 week high of $387.19. The firm has a market cap of $13.26 billion, a P/E ratio of -59.61 and a beta of 1.49. The business’s fifty day moving average is $238.83 and its two-hundred day moving average is $263.02.

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

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Macquarie reduced their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Royal Bank of Canada reduced their price target on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. DA Davidson boosted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Barclays decreased their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $312.84.

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.