TrueMark Investments LLC Sells 458 Shares of MongoDB, Inc. (NASDAQ:MDB)

TrueMark Investments LLC reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,629 shares of the company’s stock after selling 458 shares during the period. TrueMark Investments LLC’s holdings in MongoDB were worth $1,310,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in MongoDB in the 4th quarter worth approximately $90,478,000. Amundi boosted its holdings in 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 acquiring an additional 321,186 shares in the last quarter. Assenagon Asset Management S.A. increased its position 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 valued at $69,119,000 after purchasing an additional 294,228 shares during the period. Avala Global LP bought a new position in MongoDB in the 3rd quarter worth $47,960,000. Finally, LBP AM SA lifted its position in shares of MongoDB by 81.9% in the 4th 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 during the period. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock valued at $11,328,869 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

Shares of MDB stock opened at $198.66 on Wednesday. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The company’s fifty day moving average price is $249.24 and its 200-day moving average price is $268.17. 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS 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 business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson raised their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Citigroup reiterated a “buy” rating on shares of MongoDB in a report on Thursday, March 6th. Scotiabank reissued a “sector perform” rating and set a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.