MongoDB, Inc. (NASDAQ:MDB) Stake Lessened by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 84.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,563,699 shares of the company's stock after selling 8,550,726 shares during the period. Wellington Management Group LLP owned approximately 2.10% of MongoDB worth $364,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MDB. The Manufacturers Life Insurance Company boosted its holdings in MongoDB by 3.8% in the third quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company's stock valued at $7,596,000 after acquiring an additional 1,022 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company's stock worth $1,203,000 after purchasing an additional 72 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MongoDB by 23.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,143 shares of the company's stock valued at $4,094,000 after purchasing an additional 2,858 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of MongoDB by 19.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company's stock worth $391,000 after purchasing an additional 231 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in MongoDB by 8.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,900 shares of the company's stock valued at $4,028,000 after buying an additional 1,189 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDB. Citigroup decreased their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Guggenheim raised MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price for the company in a research report on Monday, January 6th. Finally, Macquarie lowered their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus price target of $312.84.

Insider Activity

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the sale, the chief executive officer now owns 217,294 shares of the company's stock, valued at $60,840,147.06. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the transaction, the director now directly owns 85,652 shares of the company's stock, valued at approximately $20,785,170.84. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,032 shares of company stock valued at $9,818,567. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Down 9.4 %

MDB stock traded down $16.85 during midday trading on Thursday, reaching $163.34. The company had a trading volume of 3,342,136 shares, compared to its average volume of 1,749,718. The firm has a market capitalization of $13.26 billion, a PE ratio of -59.61 and a beta of 1.30. The stock has a 50 day moving average price of $240.77 and a 200 day moving average price of $263.72. MongoDB, Inc. has a fifty-two week low of $160.47 and a fifty-two week high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the business posted $0.86 EPS. 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.