MongoDB, Inc. $MDB Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 46.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,283 shares of the company’s stock after selling 2,001 shares during the period. GSA Capital Partners LLP’s holdings in MongoDB were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of MongoDB by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after acquiring an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. grew its stake in shares of MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. State Street Corp grew its stake in shares of MongoDB by 3.7% in the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock worth $545,222,000 after acquiring an additional 63,434 shares in the last quarter. Amundi grew its stake in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after acquiring an additional 563,995 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. grew its stake in shares of MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after acquiring an additional 852,540 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares of the company’s stock, valued at $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,566 shares of company stock valued at $8,744,791. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MDB shares. Scotiabank upgraded shares of MongoDB from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $275.00 to $310.00 in a research note on Thursday, March 5th. Monness Crespi & Hardt decreased their price objective on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. DA Davidson decreased their price objective on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, Robert W. Baird lifted their price objective on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $373.37.

MongoDB Trading Up 2.7%

MongoDB stock opened at $326.13 on Friday. The stock has a market cap of $26.21 billion, a P/E ratio of -370.60 and a beta of 1.48. The company has a fifty day simple moving average of $268.23 and a 200-day simple moving average of $335.16. MongoDB, Inc. has a 12-month low of $182.43 and a 12-month high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. During the same period in the previous year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, sell-side analysts forecast that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.