Bluebird Wealth Management LLC Buys New Stake in MongoDB, Inc. $MDB

Bluebird Wealth Management LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, Holdings Channel reports. The fund bought 4,295 shares of the company’s stock, valued at approximately $1,802,000. MongoDB accounts for 1.7% of Bluebird Wealth Management LLC’s holdings, making the stock its 24th largest position.

A number of other large investors have also modified their holdings of the company. Clark Financial Services Group Inc. BD raised its position in shares of MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after acquiring an additional 25 shares during the period. True Wealth Design LLC raised its position in shares of MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after acquiring an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. raised its position in shares of MongoDB by 4.3% in the fourth quarter. Whittier Trust Co. now owns 976 shares of the company’s stock worth $425,000 after acquiring an additional 40 shares during the period. Finally, Savvy Advisors Inc. raised its position in shares of MongoDB by 5.0% in the fourth quarter. Savvy Advisors Inc. now owns 928 shares of the company’s stock worth $389,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of MongoDB from $500.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $425.00 price objective on shares of MongoDB in a research report on Monday, March 2nd. Wedbush decreased their price objective on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Bank of America decreased their price objective on shares of MongoDB from $400.00 to $350.00 and set an “underperform” rating for the company in a research report on Wednesday, April 22nd. Finally, DA Davidson reduced their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $361.97.

MongoDB Stock Down 0.5%

MDB opened at $265.26 on Thursday. MongoDB, Inc. has a twelve month low of $170.88 and a twelve month high of $444.72. The company has a 50-day moving average price of $262.50 and a 200 day moving average price of $337.05. The company has a market cap of $21.32 billion, a PE ratio of -301.43 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last released its quarterly 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 net margin of 2.89% and a negative return on equity of 1.03%. The firm had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, sell-side analysts expect that MongoDB, Inc. will post -0.46 earnings per share for the current year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $252.33, for a total value of $1,009,320.00. Following the completion of the sale, the director owned 476,896 shares in the company, valued at approximately $120,335,167.68. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 13,566 shares of company stock valued at $3,294,891. 3.10% of the stock is owned by corporate insiders.

MongoDB Profile

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.