Hood River Capital Management LLC Trims Position in MongoDB, Inc. (NASDAQ:MDB)

Hood River Capital Management LLC lessened its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,784 shares of the company's stock after selling 5,465 shares during the period. Hood River Capital Management LLC's holdings in MongoDB were worth $3,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. Morse Asset Management Inc bought a new stake in shares of MongoDB during the 3rd quarter worth about $81,000. Virtu Financial LLC boosted its holdings in shares of MongoDB by 351.2% during the 3rd quarter. Virtu Financial LLC now owns 10,016 shares of the company's stock worth $2,708,000 after buying an additional 7,796 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in MongoDB in the 3rd quarter valued at about $44,000. Tidal Investments LLC boosted its holdings in MongoDB by 76.8% in the 3rd quarter. Tidal Investments LLC now owns 7,859 shares of the company's stock valued at $2,125,000 after purchasing an additional 3,415 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in MongoDB by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,095 shares of the company's stock valued at $1,648,000 after purchasing an additional 160 shares during the period. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDB. Robert W. Baird cut their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Citigroup cut their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Oppenheimer cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. China Renaissance initiated coverage on shares of MongoDB in a research report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 target price for the company. Finally, Mizuho dropped their target price on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus price target of $294.78.

MongoDB Trading Up 0.6 %

MongoDB stock traded up $1.01 during midday trading on Monday, reaching $174.51. The stock had a trading volume of 1,835,158 shares, compared to its average volume of 2,224,611. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19. The company has a market capitalization of $14.17 billion, a P/E ratio of -63.69 and a beta of 1.49. The company has a fifty day moving average price of $195.15 and a two-hundred day moving average price of $248.65.

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). The business had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the business posted $0.86 earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,680 shares of company stock valued at $10,819,027. 3.60% of the stock is owned by insiders.

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.