Harel Insurance Investments & Financial Services Ltd. Has $34,000 Stake in MongoDB, Inc. (NASDAQ:MDB)

Harel Insurance Investments & Financial Services Ltd. decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83 shares of the company’s stock after selling 64 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in MongoDB were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MDB. KB Financial Partners LLC acquired a new stake in MongoDB in the 2nd quarter valued at $27,000. Bessemer Group Inc. acquired a new stake in MongoDB in the 4th quarter valued at $29,000. BluePath Capital Management LLC acquired a new stake in MongoDB in the 3rd quarter valued at $30,000. Blue Trust Inc. grew its position in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in MongoDB in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 0.8 %

Shares of MongoDB stock opened at $349.80 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market capitalization of $25.48 billion, a P/E ratio of -141.05 and a beta of 1.19. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62. The stock’s 50-day simple moving average is $401.23 and its 200 day simple moving average is $390.75.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, research analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now owns 528,896 shares of the company’s stock, valued at $222,136,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MDB has been the subject of several research reports. Truist Financial lifted their price target on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. KeyCorp raised their price objective on MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $448.74.

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.