OVERSEA CHINESE BANKING Corp Ltd Sells 981 Shares of MongoDB, Inc. (NASDAQ:MDB)

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 5.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,835 shares of the company’s stock after selling 981 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in MongoDB were worth $3,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at about $606,000. Geode Capital Management LLC increased its stake in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after buying an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB in the third quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. increased its stake in shares of MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after buying an additional 7,575 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of MongoDB in the fourth quarter valued at about $3,515,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MDB. Monness Crespi & Hardt raised MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Barclays decreased their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Wedbush decreased their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Robert W. Baird decreased their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Mizuho raised their target price on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $320.70.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the sale, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is owned by company insiders.

MongoDB Stock Up 0.7 %

MDB stock opened at $190.06 on Thursday. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The stock’s 50 day moving average is $253.21 and its 200-day moving average is $270.89. The firm has a market capitalization of $14.15 billion, a PE ratio of -69.36 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to the consensus estimate 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. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.