Winfield Associates Inc. Has $2.08 Million Holdings in Mongodb Inc (MDB)

Winfield Associates Inc. lowered its position in Mongodb Inc (NASDAQ:MDB) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,150 shares of the company’s stock after selling 215 shares during the quarter. Mongodb makes up about 1.1% of Winfield Associates Inc.’s holdings, making the stock its 28th biggest holding. Winfield Associates Inc.’s holdings in Mongodb were worth $2,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MDB. Cambridge Investment Research Advisors Inc. lifted its position in shares of Mongodb by 4.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,215 shares of the company’s stock worth $269,000 after buying an additional 124 shares during the last quarter. Pearl River Capital LLC acquired a new position in shares of Mongodb in the 4th quarter valued at $25,000. Quantamental Technologies LLC acquired a new position in shares of Mongodb in the 4th quarter valued at $33,000. PNC Financial Services Group Inc. acquired a new position in shares of Mongodb in the 4th quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Mongodb by 11.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,218 shares of the company’s stock valued at $353,000 after acquiring an additional 427 shares during the period. Institutional investors own 61.61% of the company’s stock.

MDB has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Friday, January 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $108.00 target price (up from $91.00) on shares of Mongodb in a report on Thursday, February 28th. William Blair assumed coverage on shares of Mongodb in a research note on Friday, March 22nd. They issued an “outperform” rating on the stock. Nomura set a $63.00 price objective on shares of Mongodb and gave the company a “sell” rating in a research note on Tuesday, February 26th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Mongodb from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $107.08.

In related news, CEO Dev Ittycheria sold 19,600 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $134.21, for a total transaction of $2,630,516.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eliot Horowitz sold 7,100 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $101.60, for a total transaction of $721,360.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 228,925 shares of company stock valued at $28,451,584. Corporate insiders own 40.04% of the company’s stock.

NASDAQ:MDB opened at $134.88 on Friday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of -78.42 and a beta of -0.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.44 and a current ratio of 3.44. Mongodb Inc has a 12-month low of $40.33 and a 12-month high of $154.80.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.20. Mongodb had a negative net margin of 44.47% and a negative return on equity of 49.90%. The company had revenue of $83.10 million during the quarter, compared to the consensus estimate of $74.02 million. During the same quarter in the prior year, the company posted ($0.40) EPS. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. Analysts forecast that Mongodb Inc will post -1.99 earnings per share for the current year.

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Mongodb Company Profile

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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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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