Sei Investments Co. Sells 142,830 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sei Investments Co. lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 56.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,209 shares of the company’s stock after selling 142,830 shares during the quarter. Sei Investments Co. owned approximately 0.15% of MongoDB worth $25,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MDB. Intech Investment Management LLC raised its holdings in MongoDB by 10.7% in the 3rd quarter. Intech Investment Management LLC now owns 5,205 shares of the company’s stock worth $1,407,000 after acquiring an additional 502 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of MongoDB by 2.8% in 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. Cerity Partners LLC lifted its position in shares of MongoDB by 8.3% during the 3rd quarter. Cerity Partners LLC now owns 9,094 shares of the company’s stock worth $2,459,000 after purchasing an additional 695 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in MongoDB by 12.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 10,323 shares of the company’s stock valued at $2,791,000 after purchasing an additional 1,132 shares during the period. Finally, Independent Advisor Alliance grew its holdings in MongoDB by 5.3% in the 3rd quarter. Independent Advisor Alliance now owns 1,516 shares of the company’s stock valued at $410,000 after buying an additional 76 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB stock opened at $193.66 on Thursday. The stock’s fifty day moving average is $248.25 and its 200-day moving average is $267.64. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The stock has a market capitalization of $14.42 billion, a PE ratio of -70.68 and a beta of 1.30.

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

Insider Buying and Selling

In related news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 in the last quarter. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MDB shares. Truist Financial dropped their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. UBS Group set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, January 6th. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Tigress Financial lifted their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.70.

MongoDB Company Profile

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.