MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,651 shares of the company's stock after selling 136,451 shares during the period. Legal & General Group Plc owned 0.56% of MongoDB worth $96,768,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in MongoDB by 19.0% in the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company's stock worth $391,000 after purchasing an additional 231 shares during the period. Morse Asset Management Inc bought a new stake in MongoDB during the 3rd quarter worth about $81,000. National Bank of Canada FI boosted its position in MongoDB by 113.2% during the third quarter. National Bank of Canada FI now owns 15,441 shares of the company's stock valued at $4,174,000 after purchasing an additional 8,198 shares during the last quarter. XTX Topco Ltd grew its stake in shares of MongoDB by 28.3% in the third quarter. XTX Topco Ltd now owns 2,350 shares of the company's stock valued at $635,000 after buying an additional 518 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in MongoDB by 4.4% in the third quarter. Orion Portfolio Solutions LLC now owns 5,102 shares of the company's stock valued at $1,379,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Piper Sandler cut their price objective on shares of MongoDB from $425.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Wedbush reduced their target price on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Robert W. Baird lowered their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Tigress Financial increased their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $303.97.

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Insiders Place Their Bets

In related news, insider Cedric Pech sold 1,690 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total value of $265,000.00. Following the completion of the transaction, the director now owns 1,116,006 shares of the company's stock, valued at approximately $295,741,590. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,015 shares of company stock valued at $13,208,285. Insiders own 3.60% of the company's stock.

MongoDB Price Performance

MongoDB stock traded up $1.46 during trading hours 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. The company has a market cap of $12.99 billion, a price-to-earnings ratio of -58.41 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19. The business's 50 day moving average price is $215.59 and its 200-day moving average price is $254.53.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the previous year, the company earned $0.86 earnings per share. On average, sell-side 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.