MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 283,763 shares of the company's stock after selling 86,752 shares during the quarter. Clearbridge Investments LLC owned 0.38% of MongoDB worth $66,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDB. Hilltop National Bank boosted its stake 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 purchasing an additional 42 shares during the period. NCP Inc. purchased a new position in MongoDB in the 4th quarter worth about $35,000. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% in the third 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 period. Versant Capital Management Inc increased its holdings in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares of the company's stock, valued at $24,486,932.25. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,857 shares of company stock worth $9,613,306. Company insiders own 3.60% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDB. Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target on the stock. DA Davidson upped their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barclays reduced their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Finally, Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $312.84.

MongoDB Stock Down 9.4 %

NASDAQ:MDB traded down $16.85 during mid-day trading on Thursday, reaching $163.34. 3,342,136 shares of the stock were exchanged, compared to its average volume of 1,749,508. MongoDB, Inc. has a 1 year low of $160.47 and a 1 year high of $387.19. The company has a 50 day simple moving average of $240.77 and a 200-day simple moving average of $263.72. The stock has a market capitalization of $13.26 billion, a P/E ratio of -59.61 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.