Spence Asset Management lessened its position in Mongodb Inc (NASDAQ:MDB) by 40.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,374 shares of the company’s stock after selling 33,074 shares during the period. Mongodb makes up about 4.3% of Spence Asset Management’s investment portfolio, making the stock its 12th biggest holding. Spence Asset Management owned about 0.09% of Mongodb worth $7,259,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Pearl River Capital LLC bought a new position in Mongodb in the fourth quarter worth $25,000. Quantamental Technologies LLC bought a new position in shares of Mongodb during the 4th quarter valued at approximately $33,000. Oregon Public Employees Retirement Fund bought a new position in shares of Mongodb during the 4th quarter valued at approximately $33,000. PNC Financial Services Group Inc. bought a new position in shares of Mongodb during the 4th quarter valued at approximately $34,000. Finally, TCI Wealth Advisors Inc. boosted its holdings in Mongodb by 17,133.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock valued at $43,000 after acquiring an additional 514 shares during the period. 63.50% of the stock is owned by hedge funds and other institutional investors.
MDB stock traded down $5.71 on Wednesday, reaching $132.43. The company had a trading volume of 40,614 shares, compared to its average volume of 1,492,147. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.44 and a current ratio of 3.44. The firm has a market cap of $7.60 billion, a P/E ratio of -77.91 and a beta of 0.14. Mongodb Inc has a 1 year low of $32.35 and a 1 year high of $154.80.
In other Mongodb news, Director Kevin P. Ryan sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $75.00, for a total transaction of $1,800,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 2,017 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $148.75, for a total transaction of $300,028.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,108 shares of company stock worth $25,796,121. 40.04% of the stock is owned by corporate insiders.
Several research analysts have recently commented on MDB shares. Needham & Company LLC reissued a “buy” rating and issued a $108.00 price target (up from $91.00) on shares of Mongodb in a research report on Thursday, February 28th. Zacks Investment Research raised Mongodb from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Friday, January 11th. Canaccord Genuity boosted their price target on Mongodb from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Monness Crespi & Hardt boosted their price target on Mongodb from $110.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Stifel Nicolaus boosted their price target on Mongodb from $95.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $107.08.
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MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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