Thrivent Financial for Lutherans Has $80.55 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Thrivent Financial for Lutherans lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 345,985 shares of the company’s stock after selling 3,266 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MongoDB were worth $80,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank increased 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 buying an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new position in MongoDB during the third quarter worth approximately $36,000. Continuum Advisory LLC increased its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. NCP Inc. acquired a new position in MongoDB during the fourth quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Truist Financial reduced their price objective on MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Wedbush reduced their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Needham & Company LLC reduced their price objective on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Insider Transactions at MongoDB

In related news, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the sale, the chief financial officer now directly owns 79,062 shares in the company, valued at $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cedric Pech sold 287 shares of the stock in a transaction on 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 owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,139 shares of company stock worth $11,328,869. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $188.68 on Wednesday. The company has a fifty day moving average of $254.38 and a 200-day moving average of $271.46. The company has a market capitalization of $14.05 billion, a PE ratio of -68.86 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last announced 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). The company had revenue of $548.40 million for the quarter, compared to analyst estimates 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 quarter last year, the company posted $0.86 earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.