Whittier Trust Co. of Nevada Inc. Sells 14,424 Shares of MongoDB, Inc. (NASDAQ:MDB)

Whittier Trust Co. of Nevada Inc. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 95.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672 shares of the company’s stock after selling 14,424 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in MongoDB were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MDB. Hilltop National Bank grew its stake in 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 stake in MongoDB during the third quarter worth approximately $36,000. Continuum Advisory LLC grew its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. NCP Inc. acquired a new stake in MongoDB during the fourth quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB during the third quarter worth approximately $44,000. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the business’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 sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 2,581 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $604,186.29. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $50,866,352.46. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock worth $11,328,869 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Up 1.7 %

Shares of MongoDB stock opened at $192.54 on Monday. The business’s fifty day simple moving average is $250.97 and its 200 day simple moving average is $269.40. The firm has a market capitalization of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm 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 previous year, the firm earned $0.86 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Oppenheimer reduced their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Canaccord Genuity Group reduced their price objective on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Seven 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.70.

MongoDB 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.