Hamilton Point Investment Advisors LLC Sells 200 Shares of MongoDB, Inc. (NASDAQ:MDB)

Hamilton Point Investment Advisors LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 23.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 643 shares of the company’s stock after selling 200 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in MongoDB were worth $263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after acquiring an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its stake in MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after acquiring an additional 206 shares during the period. MetLife Investment Management LLC purchased a new stake in MongoDB in the first quarter worth $1,823,000. Panagora Asset Management Inc. lifted its stake in MongoDB by 9.8% in the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after acquiring an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after acquiring an additional 1,439 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Truist Financial raised their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Finally, DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $448.74.

MongoDB Stock Performance

Shares of MDB stock traded down $4.89 during trading hours on Monday, reaching $347.17. 998,291 shares of the company traded hands, compared to its average volume of 1,389,596. The firm has a 50-day moving average price of $403.03 and a 200 day moving average price of $390.72. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a 12-month low of $212.52 and a 12-month high of $509.62. The company has a market cap of $25.28 billion, a P/E ratio of -139.99 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the transaction, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold 94,050 shares of company stock valued at $36,856,111 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

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.