MongoDB, Inc. (NASDAQ:MDB) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 63.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,965 shares of the company's stock after selling 3,468 shares during the period. United Capital Financial Advisors LLC's holdings in MongoDB were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDB. Hilltop National Bank boosted its stake in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares during the period. NCP Inc. purchased a new position in shares of MongoDB during the 4th quarter worth about $35,000. Versant Capital Management Inc grew its holdings in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MongoDB in the 3rd quarter worth about $44,000. Finally, Morse Asset Management Inc bought a new stake in MongoDB in the third quarter worth about $81,000. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Cedric Pech sold 1,690 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the business's 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 owns 14,598 shares of the company's stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,680 shares of company stock valued at $10,819,027. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays decreased their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an "overweight" rating and a $344.00 target price for the company. Canaccord Genuity Group reduced their price target on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Needham & Company LLC reduced their target price on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.28.

MongoDB Stock Up 0.2 %

Shares of NASDAQ:MDB traded up $0.26 during trading on Friday, hitting $173.47. The stock had a trading volume of 1,570,292 shares, compared to its average volume of 1,837,485. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of -63.23 and a beta of 1.49. The stock has a 50-day simple moving average of $197.65 and a two-hundred day simple moving average of $249.73.

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