Mutual of America Capital Management LLC Trims Stake in MongoDB, Inc. (NASDAQ:MDB)

Mutual of America Capital Management LLC lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 9.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 997 shares of the company’s stock after selling 110 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MongoDB were worth $408,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new stake in MongoDB in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in MongoDB in the 3rd quarter valued at $35,000. AM Squared Ltd acquired a new position in MongoDB in the 3rd quarter valued at $35,000. Finally, Castleview Partners LLC acquired a new position in MongoDB in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. KeyCorp cut their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Tigress Financial upped their price objective on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Truist Financial upped their price objective on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Guggenheim upped their price objective on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the transaction, the director now owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the sale, the director now owns 527,896 shares in the company, valued at $213,375,563.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the sale, the director now owns 1,168,784 shares in the company, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $366.31 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a 50-day moving average of $385.74 and a two-hundred day moving average of $390.82. The stock has a market cap of $26.68 billion, a P/E ratio of -147.71 and a beta of 1.20. MongoDB, Inc. has a 1-year low of $212.52 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. On average, research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

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.