Sentry Investment Management LLC Acquires 284 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sentry Investment Management LLC boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,318 shares of the company’s stock after buying an additional 284 shares during the period. Sentry Investment Management LLC’s holdings in MongoDB were worth $307,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MDB. 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 valued at $30,000 after buying an additional 42 shares during the last quarter. Brooklyn Investment Group bought a new position in MongoDB during the third quarter valued at about $36,000. Continuum Advisory LLC increased its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in MongoDB in the 3rd quarter valued at approximately $44,000. Finally, Versant Capital Management Inc lifted its position in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after acquiring an additional 165 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,979 shares of company stock valued at $11,265,417. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Down 2.8 %

Shares of MDB stock opened at $259.71 on Wednesday. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of -94.78 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $459.27. The stock has a 50-day moving average price of $261.74 and a 200 day moving average price of $274.54.

MongoDB (NASDAQ:MDB) last issued its quarterly 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. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird boosted their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Barclays decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Scotiabank dropped their price target on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Two equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $361.00.

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.