Calamos Advisors LLC Has $8.18 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Calamos Advisors LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 99.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,133 shares of the company’s stock after selling 65,655,384 shares during the period. Calamos Advisors LLC’s holdings in MongoDB were worth $8,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank raised its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group acquired a new position in MongoDB during the third quarter worth $36,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC boosted its stake in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the 3rd quarter worth approximately $44,000. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDB has been the topic of several analyst reports. Citigroup lifted their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company increased their target price on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 price target on the stock. Finally, Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Price Performance

MongoDB stock opened at $275.97 on Wednesday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market capitalization of $20.55 billion, a P/E ratio of -100.72 and a beta of 1.28. The business has a fifty day moving average price of $269.75 and a 200-day moving average price of $270.24.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $60,840,147.06. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cedric Pech sold 287 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 $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,491 shares of company stock valued at $10,745,480. Company insiders own 3.60% of the company’s stock.

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.