MongoDB, Inc. (NASDAQ:MDB) Holdings Decreased by GraniteShares Advisors LLC

GraniteShares Advisors LLC reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 22.1% during the fourth quarter, Holdings Channel.com reports. The firm 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 & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new stake in shares of MongoDB during the fourth quarter valued at about $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB during the third quarter valued at about $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of MongoDB stock opened at $259.71 on Wednesday. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of -94.78 and a beta of 1.28. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.27. The stock has a 50-day simple moving average of $261.74 and a 200-day simple moving average of $274.54.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share 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 during the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 target price on the stock. The Goldman Sachs Group lifted their target price on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Citigroup lifted their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, China Renaissance assumed coverage on MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $323.00, for a total value of $969,000.00. Following the transaction, the director now directly owns 1,121,006 shares of the company’s stock, valued at $362,084,938. The trade was a 0.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,979 shares of company stock valued at $11,265,417 in the last three months. Company insiders own 3.60% of the company’s stock.

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.