Sei Investments Co. Has $25.19 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Sei Investments Co. lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 56.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,209 shares of the company’s stock after selling 142,830 shares during the period. Sei Investments Co.’s holdings in MongoDB were worth $25,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MDB. Intech Investment Management LLC boosted its stake in MongoDB by 10.7% during the 3rd quarter. Intech Investment Management LLC now owns 5,205 shares of the company’s stock worth $1,407,000 after acquiring an additional 502 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. Cerity Partners LLC boosted its position in shares of MongoDB by 8.3% during the third quarter. Cerity Partners LLC now owns 9,094 shares of the company’s stock worth $2,459,000 after purchasing an additional 695 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of MongoDB by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,323 shares of the company’s stock valued at $2,791,000 after buying an additional 1,132 shares during the period. Finally, Independent Advisor Alliance increased its position in shares of MongoDB by 5.3% in the 3rd quarter. Independent Advisor Alliance now owns 1,516 shares of the company’s stock valued at $410,000 after buying an additional 76 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MDB shares. Barclays reduced their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Tigress Financial lifted their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group dropped their target price on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. China Renaissance initiated coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target for the company. Finally, Royal Bank of Canada dropped their price objective on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.70.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % 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 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $193.66 on Thursday. The company has a 50-day simple moving average of $248.25 and a 200 day simple moving average of $267.64. The company has a market capitalization of $14.42 billion, a P/E ratio of -70.68 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the business earned $0.86 earnings per share. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB 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.