Sequoia Financial Advisors LLC Grows Holdings in MongoDB, Inc. (NASDAQ:MDB)

Sequoia Financial Advisors LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 806 shares of the company’s stock after purchasing an additional 207 shares during the period. Sequoia Financial Advisors LLC’s holdings in MongoDB were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KB Financial Partners LLC bought a new position in shares of MongoDB during the 2nd quarter worth $27,000. Bessemer Group Inc. bought a new position in shares of MongoDB during the 4th quarter worth $29,000. BluePath Capital Management LLC bought a new position in shares of MongoDB during the 3rd quarter worth $30,000. Blue Trust Inc. grew its position in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of MongoDB during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $335.55 on Friday. The business’s 50 day moving average price is $394.28 and its 200 day moving average price is $390.06. The firm has a market cap of $24.44 billion, a P/E ratio of -135.30 and a beta of 1.19. MongoDB, Inc. has a 52 week low of $212.52 and a 52 week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. On average, sell-side analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent research reports. Truist Financial raised their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Redburn Atlantic reaffirmed a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. UBS Group reaffirmed a “neutral” rating and set a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $444.93.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 528,896 shares of the company’s stock, valued at approximately $222,136,320. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is owned by company insiders.

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.