Janus Henderson Group PLC Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Janus Henderson Group PLC lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 93.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,914 shares of the company’s stock after selling 108,352 shares during the quarter. Janus Henderson Group PLC’s holdings in MongoDB were worth $2,139,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of MongoDB by 6.1% during the third quarter. HighTower Advisors LLC now owns 18,401 shares of the company’s stock worth $4,986,000 after purchasing an additional 1,065 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of MongoDB during the third quarter worth about $292,000. Holocene Advisors LP lifted its position in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of MongoDB during the third quarter worth about $1,055,000. Finally, Avala Global LP acquired a new stake in MongoDB in the 3rd quarter valued at about $47,960,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the sale, the executive now owns 33,440 shares in the company, valued at $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,600 shares of company stock valued at $7,611,849. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

NASDAQ:MDB opened at $288.61 on Friday. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of -95.57 and a beta of 1.17. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average is $293.13 and its two-hundred day moving average is $269.12. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. Research analysts expect that MongoDB, Inc. will post -2.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MDB. Morgan Stanley raised their price target on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday. Loop Capital lifted their price target on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday. DA Davidson lifted their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Citigroup lifted their target price on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.08.

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.