Wellington Management Group LLP Has $364.05 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Wellington Management Group LLP trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 84.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,563,699 shares of the company's stock after selling 8,550,726 shares during the period. Wellington Management Group LLP owned 2.10% of MongoDB worth $364,045,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Geode Capital Management LLC raised its position in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after purchasing an additional 34,814 shares during the period. Norges Bank acquired a new stake in shares of MongoDB in the fourth quarter worth $189,584,000. Amundi boosted its holdings in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after buying an additional 321,186 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in MongoDB in the 4th quarter valued at $90,478,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

MongoDB stock traded down $8.95 during trading hours on Friday, hitting $154.39. 3,888,420 shares of the stock were exchanged, compared to its average volume of 1,757,250. MongoDB, Inc. has a 12 month low of $151.52 and a 12 month high of $387.19. The business's 50-day moving average is $236.68 and its two-hundred day moving average is $261.78. The stock has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 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 business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the company earned $0.86 earnings per share. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Dev Ittycheria sold 18,512 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares in the company, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the transaction, the director now directly owns 85,652 shares in the company, valued at $20,785,170.84. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,060 shares of company stock worth $13,461,875. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on MDB shares. Wells Fargo & Company lowered shares of MongoDB from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Daiwa America raised MongoDB to a "strong-buy" rating in a research report on Tuesday, April 1st. Barclays lowered their target price on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Wedbush cut their price target on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Robert W. Baird reduced their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $312.84.

About MongoDB

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.