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

FMR LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 84.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,480,245 shares of the company's stock after selling 18,690,392 shares during the quarter. FMR LLC owned approximately 4.67% of MongoDB worth $810,236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in MongoDB during the fourth quarter worth about $189,584,000. Raymond James Financial Inc. purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $90,478,000. Amundi increased its holdings in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after buying an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after buying an additional 294,228 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MDB shares. Truist Financial reduced their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. China Renaissance assumed coverage on shares of MongoDB in a research report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 target price on the stock. Daiwa Capital Markets initiated coverage on shares of MongoDB in a research report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $310.74.

Remove Ads

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares in the company, valued at approximately $1,109,903.56. This represents a 7.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,060 shares of company stock valued at $13,461,875. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Up 0.7 %

MDB stock traded up $1.14 on Friday, hitting $162.24. The company's stock had a trading volume of 1,677,145 shares, compared to its average volume of 1,802,853. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of -59.21 and a beta of 1.49. The firm has a 50 day moving average of $220.46 and a two-hundred day moving average of $255.98. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.86 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal 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.