Thrivent Financial for Lutherans Decreases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Thrivent Financial for Lutherans lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 345,985 shares of the company's stock after selling 3,266 shares during the period. Thrivent Financial for Lutherans owned approximately 0.46% of MongoDB worth $80,549,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MDB. Jennison Associates LLC boosted its position in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock worth $838,632,000 after purchasing an additional 592,038 shares during the period. Raymond James Financial Inc. purchased a new position in MongoDB in the 4th quarter valued at approximately $90,478,000. Amundi boosted its position in MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after buying an additional 321,186 shares during the period. Assenagon Asset Management S.A. boosted its position in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after buying an additional 294,228 shares during the period. Finally, Avala Global LP purchased a new position in MongoDB in the 3rd quarter valued at approximately $47,960,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup reissued a "buy" rating on shares of MongoDB in a research report on Thursday, March 6th. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target for the company in a research report on Monday, January 6th. Stifel Nicolaus reduced their price objective on shares of MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Bank of America reduced 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. Finally, The Goldman Sachs Group reduced their price objective on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $320.70.

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Insider Activity

In other news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 169 shares of MongoDB 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 directly owns 14,899 shares in the company, 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 have sold a total of 43,139 shares of company stock valued at $11,328,869 over the last quarter. Corporate insiders own 3.60% of the company's stock.

MongoDB Stock Performance

NASDAQ MDB traded up $3.24 during trading on Friday, reaching $192.54. The company's stock had a trading volume of 2,184,849 shares, compared to its average volume of 1,701,319. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The business's fifty day moving average price is $250.97 and its 200-day moving average price is $269.55.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during 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 quarter in the prior year, the firm posted $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.