Yarbrough Capital LLC Sells 1,852 Shares of MongoDB, Inc. (NASDAQ:MDB)

Yarbrough Capital LLC cut its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,125 shares of the company's stock after selling 1,852 shares during the period. Yarbrough Capital LLC's holdings in MongoDB were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hilltop National Bank increased its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Quarry LP increased its position in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB during the third quarter worth $36,000. Continuum Advisory LLC raised its holdings in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, GAMMA Investing LLC boosted its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after purchasing an additional 93 shares during the period. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $21,510,229.95. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,821 shares of company stock valued at $6,831,215 over the last quarter. 3.60% of the stock is owned by company insiders.

MongoDB Trading Up 2.0 %

Shares of NASDAQ:MDB traded up $5.05 on Friday, reaching $253.01. 988,824 shares of the company's stock were exchanged, compared to its average volume of 1,451,614. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a fifty day moving average of $278.98 and a 200-day moving average of $269.17. The company has a market capitalization of $18.84 billion, a price-to-earnings ratio of -92.46 and a beta of 1.25.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup lifted their target price on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Tigress Financial increased their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Royal Bank of Canada lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Finally, DA Davidson increased their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $363.93.

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.