Venturi Wealth Management LLC Has $176,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Venturi Wealth Management LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 20.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 755 shares of the company’s stock after buying an additional 129 shares during the quarter. Venturi Wealth Management LLC’s holdings in MongoDB were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MDB. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new stake in MongoDB in the 3rd quarter worth about $36,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc raised its stake in 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 purchasing an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on MDB shares. Citigroup lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Tuesday, December 10th. KeyCorp lifted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Rosenblatt Securities assumed coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price objective for the company. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $361.00.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the transaction, the director now owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,979 shares of company stock worth $11,963,757. Company insiders own 3.60% of the company’s stock.

MongoDB Price Performance

NASDAQ:MDB opened at $273.26 on Friday. The firm’s 50 day simple moving average is $261.59 and its 200 day simple moving average is $273.25. MongoDB, Inc. has a one year low of $212.74 and a one year high of $459.70. The company has a market cap of $20.35 billion, a PE ratio of -99.73 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last posted its 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. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

About MongoDB

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.