Nicholas Company Inc. Has $47.15 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Nicholas Company Inc. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 94.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,509 shares of the company's stock after acquiring an additional 98,394 shares during the period. Nicholas Company Inc. owned about 0.27% of MongoDB worth $47,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB during the 4th quarter valued at $606,000. Geode Capital Management LLC increased its position in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after buying an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB during the third quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $75,271,000 after buying an additional 7,575 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of MongoDB during the 4th quarter worth about $3,515,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Transactions at MongoDB

In other MongoDB news, 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 sale, the chief accounting officer now owns 14,899 shares of the company's stock, valued at $3,487,706.91. This represents a 1.12 % 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, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,139 shares of company stock valued at $11,328,869. Corporate insiders own 3.60% of the company's stock.

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MongoDB Trading Down 0.4 %

MDB stock traded down $0.76 during trading on Thursday, hitting $189.30. The company had a trading volume of 1,403,569 shares, compared to its average volume of 1,691,792. The company has a fifty day moving average price of $253.21 and a two-hundred day moving average price of $270.89. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The company has a market cap of $14.10 billion, a P/E ratio of -69.09 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price for the company. Piper Sandler reduced their price objective on shares of MongoDB from $425.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Bank of America decreased their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Morgan Stanley dropped their target price on shares of MongoDB from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, Monness Crespi & Hardt upgraded shares of MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $320.70.

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.