Blair William & Co. IL Increases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Blair William & Co. IL raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 370,457 shares of the company's stock after purchasing an additional 72,648 shares during the quarter. Blair William & Co. IL owned about 0.50% of MongoDB worth $86,246,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Geode Capital Management LLC boosted its stake in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after buying an additional 34,814 shares during the period. Amundi boosted its stake in MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after buying an additional 321,186 shares during the period. Raymond James Financial Inc. purchased a new position in shares of MongoDB during the 4th quarter worth approximately $90,478,000. Finally, Holocene Advisors LP increased its holdings in MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock valued at $98,030,000 after purchasing an additional 66,730 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 2,581 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $604,186.29. Following the sale, the chief executive officer now owns 217,294 shares of the company's stock, valued at approximately $50,866,352.46. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock valued at $11,328,869 over the last quarter. Corporate insiders own 3.60% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently issued reports on MDB. Cantor Fitzgerald initiated coverage on shares of MongoDB in a research report on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target on the stock. Robert W. Baird cut their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Royal Bank of Canada decreased their target price on MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. KeyCorp downgraded MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Macquarie decreased their price objective on MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $319.87.

MongoDB Stock Down 2.4 %

Shares of MDB traded down $4.35 on Monday, reaching $173.68. The stock had a trading volume of 1,112,209 shares, compared to its average volume of 1,730,807. MongoDB, Inc. has a twelve month low of $171.36 and a twelve month high of $387.19. The firm has a market capitalization of $14.10 billion, a PE ratio of -63.58 and a beta of 1.30. The firm has a 50-day moving average of $245.56 and a 200 day moving average of $265.95.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 during the quarter, compared to analysts' expectations of $519.65 million. During the same quarter in the prior year, the business earned $0.86 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share 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.