Magnetar Financial LLC Has $757,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Magnetar Financial LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 99.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,251 shares of the company's stock after selling 2,496,749 shares during the period. Magnetar Financial LLC's holdings in MongoDB were worth $757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the 4th quarter valued at $606,000. Geode Capital Management LLC increased its stake in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after buying an additional 34,814 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock valued at $75,271,000 after buying an additional 7,575 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the 4th quarter worth about $3,515,000. Finally, Nisa Investment Advisors LLC increased its position in MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after acquiring an additional 4,665 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now owns 1,109,006 shares of the company's stock, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several analysts have recently commented on MDB shares. Wells Fargo & Company cut shares of MongoDB from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Citigroup reaffirmed a "buy" rating on shares of MongoDB in a research note on Thursday, March 6th. Wedbush lowered their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Guggenheim raised MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $320.70.

MongoDB Trading Up 0.6 %

Shares of MDB stock traded up $1.18 during trading hours on Tuesday, hitting $198.66. 1,213,496 shares of the company were exchanged, compared to its average volume of 1,704,335. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The business has a 50 day moving average of $249.24 and a two-hundred day moving average of $268.17. The company has a market capitalization of $14.79 billion, a PE ratio of -72.50 and a beta of 1.30.

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 the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the prior year, the business earned $0.86 EPS. On average, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

About MongoDB

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.