Tyler Stone Wealth Management Reduces Stake in MongoDB, Inc. (NASDAQ:MDB)

Tyler Stone Wealth Management lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,536 shares of the company’s stock after selling 120 shares during the period. Tyler Stone Wealth Management’s holdings in MongoDB were worth $823,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in MongoDB in the fourth quarter valued at about $90,478,000. Amundi boosted its stake in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after purchasing an additional 321,186 shares during the period. Assenagon Asset Management S.A. grew its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Avala Global LP purchased a new position in MongoDB in the third quarter valued at approximately $47,960,000. Finally, LBP AM SA raised its holdings in MongoDB by 81.9% during the fourth quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after purchasing an additional 110,768 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MDB shares. Morgan Stanley dropped their target price on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Wedbush dropped their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group reduced their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Bank of America dropped their price target on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $320.70.

Insider Activity

In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

NASDAQ:MDB opened at $198.66 on Wednesday. The stock has a 50-day simple moving average of $249.24 and a 200 day simple moving average of $268.17. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of -72.50 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the firm posted $0.86 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal 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.