Signaturefd LLC Has $329,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Signaturefd LLC trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,413 shares of the company’s stock after selling 339 shares during the quarter. Signaturefd LLC’s holdings in MongoDB were worth $329,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MDB. Raymond James Financial Inc. acquired a new position in MongoDB during the fourth quarter valued at $90,478,000. Amundi increased its holdings 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. lifted its position in shares of MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Avala Global LP acquired a new stake in shares of MongoDB during the third quarter worth approximately $47,960,000. Finally, Eagle Asset Management Inc. purchased a new position in MongoDB during the third quarter valued at approximately $44,380,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 169 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 transaction of $39,561.21. Following the sale, the chief accounting officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,139 shares of company stock worth $11,328,869. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Bank of America dropped their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Cantor Fitzgerald started coverage on MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.70.

MongoDB Price Performance

Shares of MongoDB stock opened at $192.54 on Friday. The firm has a fifty day moving average price of $250.97 and a two-hundred day moving average price of $269.65. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The company has a market cap of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released 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 firm 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 period last year, the business earned $0.86 earnings per share. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.