American Century Companies Inc. Reduces Position in MongoDB, Inc. (NASDAQ:MDB)

American Century Companies Inc. cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 684,896 shares of the company's stock after selling 16,306 shares during the quarter. American Century Companies Inc. owned 0.92% of MongoDB worth $159,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group purchased a new position in MongoDB during the 3rd quarter valued at $36,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares in the last quarter. NCP Inc. purchased a new stake in shares of MongoDB in the 4th quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB during the 3rd quarter valued at about $44,000. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDB has been the topic of several research reports. Wedbush cut their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. The Goldman Sachs Group lowered their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Piper Sandler reduced their target price 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. Finally, Citigroup reissued a "buy" rating on shares of MongoDB in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $320.70.

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Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their position. 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 169 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 $39,561.21. Following the completion of the transaction, the chief accounting officer now owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock valued at $11,328,869 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Down 2.6 %

MDB traded down $5.02 during midday trading on Thursday, reaching $188.64. The company had a trading volume of 1,318,776 shares, compared to its average volume of 1,703,020. The business has a 50-day moving average of $248.25 and a two-hundred day moving average of $267.64. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The company has a market cap of $14.05 billion, a P/E ratio of -68.85 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (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 firm had revenue of $548.40 million during the quarter, compared to analysts' expectations of $519.65 million. During the same period in the prior year, the company posted $0.86 earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current 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.