Tredje AP fonden Sells 4,686 Shares of MongoDB, Inc. (NASDAQ:MDB)

Tredje AP fonden decreased its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,686 shares of the company's stock after selling 4,686 shares during the quarter. Tredje AP fonden's holdings in MongoDB were worth $1,091,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of MongoDB during the 4th quarter worth approximately $2,063,000. Rakuten Securities Inc. increased its position in shares of MongoDB by 48.5% during the 4th quarter. Rakuten Securities Inc. now owns 493 shares of the company's stock worth $115,000 after purchasing an additional 161 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of MongoDB by 18.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,328 shares of the company's stock worth $309,000 after purchasing an additional 211 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after acquiring an additional 372 shares during the period. Finally, Prosperity Wealth Management Inc. boosted its stake in shares of MongoDB by 43.1% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,139 shares of the company's stock worth $498,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

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Insiders Place Their Bets

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the sale, the chief financial officer now owns 79,062 shares in the company, valued at approximately $18,507,623.58. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company's 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 $300,130,293.78. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock valued at $11,328,869 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MDB. Canaccord Genuity Group reduced their target price on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Morgan Stanley reduced their target price on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Rosenblatt Securities reiterated a "buy" rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Loop Capital reduced their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $319.87.

MongoDB Stock Performance

Shares of MongoDB stock traded up $1.38 during trading on Wednesday, reaching $190.06. 1,667,064 shares of the company's stock were exchanged, compared to its average volume of 1,692,785. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The firm's 50-day moving average price is $254.38 and its 200 day moving average price is $271.46. The company has a market cap of $14.15 billion, a P/E ratio of -69.36 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the previous year, the company earned $0.86 EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.