MongoDB, Inc. (NASDAQ:MDB) Position Reduced by Mariner LLC

Mariner LLC lowered its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,646 shares of the company's stock after selling 2,934 shares during the period. Mariner LLC's holdings in MongoDB were worth $2,711,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in MongoDB in the fourth quarter worth $189,584,000. Raymond James Financial Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at about $90,478,000. Amundi boosted its holdings in shares of MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after buying an additional 321,186 shares during the period. Assenagon Asset Management S.A. grew 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 last quarter. Finally, Franklin Resources Inc. raised its stake in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after acquiring an additional 181,962 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity

In related news, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the company'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 in the company, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,680 shares of company stock worth $10,819,027 over the last quarter. Corporate insiders own 3.60% of the company's stock.

MongoDB Trading Up 0.3 %

NASDAQ MDB opened at $152.15 on Wednesday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The company has a market cap of $12.35 billion, a PE ratio of -55.53 and a beta of 1.49. The stock's 50-day moving average price is $202.52 and its two-hundred day moving average price is $250.93.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (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 analyst estimates of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 EPS. Research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered MongoDB from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Morgan Stanley dropped their target price on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reduced their price target on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Loop Capital lowered their price target on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Robert W. Baird cut their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $299.78.

MongoDB Company 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.

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.