iA Global Asset Management Inc. Has $1.85 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

iA Global Asset Management Inc. trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 75.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,962 shares of the company’s stock after selling 25,138 shares during the quarter. iA Global Asset Management Inc.’s holdings in MongoDB were worth $1,854,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB during the 4th quarter worth $606,000. Geode Capital Management LLC grew its holdings in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of MongoDB during the 4th quarter worth $3,515,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock worth $1,340,000 after purchasing an additional 4,665 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

NASDAQ MDB opened at $192.54 on Friday. The business has a 50 day simple moving average of $250.97 and a 200 day simple moving average of $269.65. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The stock has a market capitalization of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business earned $0.86 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the sale, the chief financial officer now directly owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock valued at $11,328,869 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDB. Cantor Fitzgerald began coverage on MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price on the stock. DA Davidson upped their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Loop Capital dropped their price objective on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Morgan Stanley dropped their price objective on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, MongoDB 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.