Thrivent Financial for Lutherans Sells 3,266 Shares of MongoDB, Inc. (NASDAQ:MDB)

Thrivent Financial for Lutherans trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,985 shares of the company’s stock after selling 3,266 shares during the period. Thrivent Financial for Lutherans owned approximately 0.46% of MongoDB worth $80,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Jennison Associates LLC grew its stake in shares of MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the period. Raymond James Financial Inc. bought a new stake in shares of MongoDB in the 4th quarter valued at approximately $90,478,000. Amundi grew its stake in shares of MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after purchasing an additional 321,186 shares during the period. Assenagon Asset Management S.A. grew its position in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Finally, Avala Global LP bought a new stake in MongoDB during the 3rd quarter worth approximately $47,960,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

MDB opened at $188.68 on Wednesday. The business’s 50-day moving average price is $254.38 and its two-hundred day moving average price is $271.46. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of -68.86 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business earned $0.86 EPS. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial decreased their price target on MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. DA Davidson increased 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. Oppenheimer decreased their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. UBS Group set a $350.00 price target on MongoDB in a research report on Tuesday, March 4th. Finally, KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $319.87.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 169 shares of MongoDB 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 sale, the chief accounting officer now owns 14,899 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock valued at $11,328,869 in the last 90 days. 3.60% of the stock is currently owned by company 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.