William Blair Investment Management LLC Reduces Holdings in MongoDB, Inc. (NASDAQ:MDB)

William Blair Investment Management LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,840 shares of the company's stock after selling 1,807 shares during the period. William Blair Investment Management LLC's holdings in MongoDB were worth $6,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank increased 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 period. Brooklyn Investment Group purchased a new position in shares of MongoDB during the third quarter worth approximately $36,000. Continuum Advisory LLC increased its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. NCP Inc. purchased a new position in MongoDB during the fourth quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB during the third quarter valued at approximately $44,000. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. The trade was 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 worth $11,328,869 in the last 90 days. Insiders own 3.60% of the company's stock.

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MongoDB Trading Up 1.7 %

MDB traded up $3.24 on Friday, reaching $192.54. The stock had a trading volume of 2,184,849 shares, compared to its average volume of 1,698,559. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The business's 50-day moving average price is $250.97 and its two-hundred day moving average price is $269.65. The company has a market cap of $14.34 billion, a P/E ratio of -70.27 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 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 company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the company earned $0.86 EPS. As a group, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Scotiabank reissued a "sector perform" rating and set a $240.00 price objective (down from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Barclays cut their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Bank of America cut their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. JMP Securities reissued a "market outperform" rating and set a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Finally, Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective on the stock in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $320.70.

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.