Invesco Ltd. Sells 3,572,304 Shares of MongoDB, Inc. (NASDAQ:MDB)

Invesco Ltd. decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 81.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 818,150 shares of the company's stock after selling 3,572,304 shares during the period. Invesco Ltd. owned approximately 1.10% of MongoDB worth $190,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. acquired a new position in shares of MongoDB during the fourth quarter worth $35,000. Continuum Advisory LLC boosted its stake 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 grew 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 valued at $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 0.9 %

NASDAQ MDB traded up $1.46 on Wednesday, reaching $160.04. The stock had a trading volume of 2,009,322 shares, compared to its average volume of 1,806,182. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The business has a 50 day moving average price of $215.59 and a 200 day moving average price of $254.53. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of -58.41 and a beta of 1.49.

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MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 in the prior year, the company posted $0.86 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDB. Daiwa Capital Markets began coverage on MongoDB in a research note on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective on the stock. Bank of America dropped their price target on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price for the company in a research note on Monday, January 6th. Robert W. Baird reduced their price target on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Wells Fargo & Company lowered MongoDB from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Seven investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $303.97.

Insider Buying and Selling

In other news, CFO Srdjan Tanjga sold 525 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,015 shares of company stock worth $13,208,285. Corporate insiders own 3.60% of the company's stock.

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.