MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 70.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,768 shares of the company's stock after selling 20,453 shares during the quarter. Sterling Capital Management LLC's holdings in MongoDB were worth $2,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the last quarter. NCP Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in shares of 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 buying an additional 165 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MongoDB during the 3rd quarter valued at approximately $44,000. Finally, Morse Asset Management Inc acquired a new stake in MongoDB during the 3rd quarter worth approximately $81,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

MongoDB stock traded down $0.78 during midday trading on Friday, hitting $159.26. 1,549,284 shares of the company were exchanged, compared to its average volume of 1,810,104. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The company's fifty day moving average price is $210.69 and its 200-day moving average price is $253.11. The company has a market cap of $12.93 billion, a PE ratio of -58.12 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released 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 net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the business posted $0.86 earnings per share. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. The trade was a 2.85 % decrease in their position. 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 MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,680 shares of company stock worth $11,084,027 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MDB shares. Stifel Nicolaus decreased their price target on MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a report on Friday, April 11th. UBS Group set a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. China Renaissance started coverage on shares of MongoDB in a research report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price objective for the company. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price for the company in a research note on Thursday. Finally, Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and an average target price of $299.78.

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.