MongoDB, Inc. $MDB Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 64.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,813 shares of the company’s stock after selling 97,883 shares during the period. Aquatic Capital Management LLC’s holdings in MongoDB were worth $16,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after purchasing an additional 40 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of MongoDB by 7.4% during the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock valued at $211,000 after buying an additional 47 shares during the last quarter. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 51 shares during the period. GAMMA Investing LLC boosted its stake in shares of MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after buying an additional 54 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after buying an additional 55 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $407.70, for a total value of $4,077,000.00. Following the sale, the director owned 1,031,316 shares in the company, valued at $420,467,533.20. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the sale, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,949 shares of company stock valued at $8,981,630 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

MongoDB Trading Down 0.1%

Shares of MDB opened at $260.50 on Friday. The firm has a market cap of $21.20 billion, a P/E ratio of -296.02 and a beta of 1.40. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72. The stock’s 50 day moving average is $354.08 and its two-hundred day moving average is $353.70.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period in the prior year, the company posted $1.28 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Guggenheim reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research report on Tuesday, March 3rd. Wells Fargo & Company lowered their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Wedbush dropped their price objective on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Oppenheimer cut their target price on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.18.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.