Geode Capital Management LLC Buys 22,106 Shares of MongoDB, Inc. (NASDAQ:MDB)

Geode Capital Management LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,252,142 shares of the company's stock after purchasing an additional 22,106 shares during the period. Geode Capital Management LLC owned about 1.68% of MongoDB worth $290,987,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB during the fourth quarter worth $606,000. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the fourth quarter valued at $3,515,000. Nisa Investment Advisors LLC raised its position in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after acquiring an additional 4,665 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after purchasing an additional 372 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of MongoDB by 9.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 26,229 shares of the company's stock valued at $7,091,000 after purchasing an additional 2,341 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Cedric Pech sold 1,690 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now directly owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 58,060 shares of company stock valued at $13,461,875. Company insiders own 3.60% of the company's stock.

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MongoDB Trading Down 6.0 %

Shares of NASDAQ:MDB traded down $10.36 during mid-day trading on Thursday, reaching $160.98. The company had a trading volume of 726,914 shares, compared to its average volume of 1,786,772. The company's 50-day moving average price is $224.89 and its 200-day moving average price is $257.73. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of -58.77 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same period in the prior year, the company earned $0.86 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Loop Capital dropped their price target on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Wedbush cut their target price on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Canaccord Genuity Group cut their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Daiwa Capital Markets began coverage on MongoDB in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 target price for the company. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $312.84.

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.