Voya Investment Management LLC Has $110.36 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Voya Investment Management LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 96.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 474,019 shares of the company's stock after selling 12,794,369 shares during the period. Voya Investment Management LLC owned about 0.64% of MongoDB worth $110,356,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MDB. Vanguard Group Inc. lifted its stake in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after acquiring an additional 23,942 shares in the last quarter. Franklin Resources Inc. grew its position in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after purchasing an additional 181,962 shares in the last quarter. Geode Capital Management LLC lifted its position in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after buying an additional 22,106 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after buying an additional 95,893 shares during the period. Finally, Norges Bank acquired a new position in shares of MongoDB in the fourth quarter worth $189,584,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MDB shares. Loop Capital cut their price target on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Cantor Fitzgerald initiated coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target on the stock. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective for the company in a research note on Thursday, April 17th. Scotiabank reissued a "sector perform" rating and set a $160.00 target price (down from $240.00) on shares of MongoDB in a research report on Friday. Finally, Wells Fargo & Company lowered shares of MongoDB from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average target price of $294.78.

MongoDB Stock Performance

NASDAQ:MDB traded up $1.01 during mid-day trading on Monday, hitting $174.51. The company had a trading volume of 1,835,761 shares, compared to its average volume of 1,841,371. The firm has a market cap of $14.17 billion, a P/E ratio of -63.69 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The business's fifty day moving average is $195.15 and its two-hundred day moving average is $248.65.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the firm posted $0.86 EPS. Equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB 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 transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company's stock, valued at $9,985,666.84. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 47,680 shares of company stock worth $10,819,027. 3.60% of the stock is owned by company insiders.

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.