Gilder Gagnon Howe & Co. LLC Lowers Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 364,573 shares of the company's stock after selling 4,810 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.49% of MongoDB worth $84,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDB. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB in the fourth quarter valued at about $29,000. Hilltop National Bank raised its position in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in shares of MongoDB in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the sale, the director now directly owns 1,113,006 shares in the company, valued at approximately $296,059,596. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,345 shares of company stock valued at $8,485,310 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. The Goldman Sachs Group dropped their target price on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. KeyCorp lowered shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Piper Sandler dropped their target price on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Mizuho dropped their target price on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and a consensus price target of $294.78.

MongoDB Trading Up 0.1 %

MDB stock traded up $0.18 during trading on Tuesday, reaching $174.69. 1,468,630 shares of the stock were exchanged, compared to its average volume of 1,842,724. The firm's 50 day moving average is $192.74 and its 200 day moving average is $247.82. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $387.19. The firm has a market cap of $14.18 billion, a P/E ratio of -63.76 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted 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). The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the company posted $0.86 earnings per share. As a group, analysts predict that MongoDB, Inc. will post -1.78 earnings per share 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.