Zevenbergen Capital Investments LLC Sells 2,355 Shares of MongoDB, Inc. (NASDAQ:MDB)

Zevenbergen Capital Investments LLC decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,730 shares of the company's stock after selling 2,355 shares during the period. Zevenbergen Capital Investments LLC owned about 0.10% of MongoDB worth $18,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hilltop National Bank boosted its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC lifted its stake in MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after buying an additional 42 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after acquiring an additional 55 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock valued at $627,000 after acquiring an additional 66 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company's stock worth $1,203,000 after acquiring an additional 72 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction on 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 directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,139 shares of company stock valued at $11,328,869. Company insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Tigress Financial boosted their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Morgan Stanley reduced their price objective on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus lowered their target price on MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Mizuho boosted their price target on MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Loop Capital lowered their price target on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $320.70.

MongoDB Trading Down 5.6 %

MDB stock traded down $10.61 during trading on Friday, reaching $178.03. 2,906,042 shares of the stock were exchanged, compared to its average volume of 1,733,041. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The company has a market capitalization of $13.26 billion, a P/E ratio of -64.97 and a beta of 1.30. The stock has a 50 day simple moving average of $245.56 and a 200-day simple moving average of $266.34.

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