MongoDB, Inc. (NASDAQ:MDB) Position Reduced by EMC Capital Management

EMC Capital Management cut its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 75.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,920 shares of the company's stock after selling 5,971 shares during the period. EMC Capital Management's holdings in MongoDB were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forsta AP Fonden lifted its stake in shares of MongoDB by 26.3% during the fourth quarter. Forsta AP Fonden now owns 20,200 shares of the company's stock worth $4,703,000 after buying an additional 4,200 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in MongoDB by 42.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 17,179 shares of the company's stock valued at $3,999,000 after buying an additional 5,147 shares during the last quarter. R Squared Ltd purchased a new position in shares of MongoDB in the 4th quarter valued at about $163,000. Perigon Wealth Management LLC boosted its holdings in shares of MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock valued at $627,000 after buying an additional 66 shares in the last quarter. Finally, Slow Capital Inc. increased its position in MongoDB by 4.2% during the fourth quarter. Slow Capital Inc. now owns 18,134 shares of the company's stock worth $4,222,000 after buying an additional 735 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of MDB stock traded down $4.69 during mid-day trading on Monday, hitting $268.63. 1,037,938 shares of the stock traded hands, compared to its average volume of 1,618,179. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The stock has a market cap of $20.00 billion, a P/E ratio of -98.37 and a beta of 1.28. The stock's fifty day moving average is $272.39 and its two-hundred day moving average is $269.91.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDB. Scotiabank reduced their target price on shares of MongoDB from $350.00 to $275.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. China Renaissance began coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a "buy" rating and a $351.00 price target on the stock. Tigress Financial lifted their price objective on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Mizuho boosted their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Oppenheimer upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target of $361.00.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated 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 sale, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,491 shares of company stock valued at $10,745,480 over the last 90 days. 3.60% of the stock is owned by company insiders.

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.