Harbor Capital Advisors Inc. Has $303,000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Harbor Capital Advisors Inc. cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 63.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,301 shares of the company’s stock after selling 2,226 shares during the period. Harbor Capital Advisors Inc.’s holdings in MongoDB were worth $303,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Quarry LP raised its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB in the third quarter worth about $36,000. GAMMA Investing LLC boosted its stake in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Up 0.9 %

Shares of MDB stock opened at $242.41 on Wednesday. The firm has a 50 day moving average of $280.67 and a 200-day moving average of $269.51. The company has a market cap of $18.05 billion, a price-to-earnings ratio of -88.47 and a beta of 1.25. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the company posted $0.96 earnings per share. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts anticipate that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. KeyCorp boosted their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Truist Financial reaffirmed a “buy” rating and issued a $400.00 target price (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Robert W. Baird lifted their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $364.64.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the transaction, the director now owns 1,127,006 shares in the company, valued at approximately $303,807,007.42. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,776 shares of company stock valued at $6,577,625 in the last three months. Corporate insiders own 3.60% of the company’s stock.

About MongoDB

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.