Edmond DE Rothschild Holding S.A. Trims Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Edmond DE Rothschild Holding S.A. decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 99.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 637 shares of the company's stock after selling 555,000 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in MongoDB were worth $148,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MDB. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of MongoDB in the fourth quarter worth about $606,000. Geode Capital Management LLC increased its position in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after purchasing an additional 34,814 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in MongoDB during the fourth quarter valued at $3,515,000. Nisa Investment Advisors LLC grew its stake 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 buying an additional 4,665 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after buying an additional 372 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MDB shares. UBS Group set a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Stifel Nicolaus cut their target price on MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and set a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Loop Capital dropped their price objective on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Piper Sandler cut their price objective on shares of MongoDB from $425.00 to $280.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Seven research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.84.

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Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,045 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the transaction, the director now directly owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,060 shares of company stock valued at $13,461,875. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

NASDAQ:MDB traded down $7.01 during trading hours on Monday, reaching $147.38. The company's stock had a trading volume of 5,169,359 shares, compared to its average volume of 1,771,880. The stock has a 50 day moving average price of $234.34 and a two-hundred day moving average price of $260.82. The company has a market capitalization of $11.97 billion, a P/E ratio of -53.79 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS 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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.