Harel Insurance Investments & Financial Services Ltd. Sells 64 Shares of MongoDB, Inc. (NASDAQ:MDB)

Harel Insurance Investments & Financial Services Ltd. decreased its position in MongoDB, Inc. (NASDAQ:MDB) by 43.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83 shares of the company’s stock after selling 64 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in MongoDB were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after acquiring an additional 121,201 shares during the last quarter. Jennison Associates LLC increased its stake in MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after acquiring an additional 1,745,231 shares during the last quarter. State Street Corp increased its stake in MongoDB by 1.8% in the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after acquiring an additional 24,595 shares during the last quarter. 1832 Asset Management L.P. increased its stake in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in MongoDB by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 967,289 shares of the company’s stock worth $225,174,000 after acquiring an additional 35,541 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $349.80 on Wednesday. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of -141.05 and a beta of 1.19. The stock has a fifty day simple moving average of $401.23 and a two-hundred day simple moving average of $390.75. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. On average, analysts predict that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MDB shares. UBS Group reaffirmed a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. KeyCorp boosted their target price on MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Citigroup boosted their target price on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Finally, Guggenheim boosted their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.74.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares in the company, valued at approximately $222,136,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, the director now owns 528,896 shares of the company’s stock, valued at $222,136,320. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,802 shares of company stock worth $36,356,911. 4.80% of the stock is currently owned by company insiders.

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.