Sanctuary Advisors LLC Sells 1,695 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sanctuary Advisors LLC cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,747 shares of the company’s stock after selling 1,695 shares during the quarter. Sanctuary Advisors LLC’s holdings in MongoDB were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Aigen Investment Management LP acquired a new position in MongoDB in the 3rd quarter valued at about $1,045,000. Geode Capital Management LLC grew its position in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MongoDB in the third quarter valued at approximately $4,366,000. Charles Schwab Investment Management Inc. increased its stake in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. Finally, Sycomore Asset Management boosted its stake in MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 3.0 %

NASDAQ MDB opened at $245.00 on Friday. The company has a market cap of $18.10 billion, a price-to-earnings ratio of -89.42 and a beta of 1.17. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The business’s fifty day moving average is $291.99 and its 200 day moving average is $267.25.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, research analysts anticipate that MongoDB, Inc. will post -2.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $266.99, for a total transaction of $313,713.25. Following the transaction, the director now directly owns 17,570 shares of the company’s stock, valued at approximately $4,691,014.30. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the completion of the sale, the director now directly owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,775 shares of company stock valued at $9,264,812 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. Royal Bank of Canada increased their price objective on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised their price target on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Morgan Stanley raised their target price on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $366.14.

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.