MongoDB, Inc. (NASDAQ:MDB) Holdings Lowered by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 67.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,096 shares of the company's stock after selling 2,261 shares during the period. Motley Fool Asset Management LLC's holdings in MongoDB were worth $255,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares during the period. NCP Inc. purchased a new position in MongoDB in the 4th quarter worth $35,000. Continuum Advisory LLC lifted its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the period. Versant Capital Management Inc grew its holdings in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB in the third quarter worth about $44,000. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 17.5 %

Shares of MongoDB stock traded up $25.49 during midday trading on Wednesday, hitting $171.34. The company had a trading volume of 3,611,865 shares, compared to its average volume of 1,790,745. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of -62.53 and a beta of 1.49. The company has a fifty day simple moving average of $224.89 and a 200 day simple moving average of $257.73.

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MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $519.65 million. During the same period in the prior year, the firm earned $0.86 EPS. As a group, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MDB. Robert W. Baird cut their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. JMP Securities reissued a "market outperform" rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Mizuho boosted their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. DA Davidson lifted their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Truist Financial decreased their target price on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $312.84.

Insider Activity

In related news, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the sale, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,060 shares of company stock worth $13,461,875. 3.60% of the stock is currently owned by corporate insiders.

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.