MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB) by 50.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,686 shares of the company’s stock after selling 4,686 shares during the period. Tredje AP fonden’s holdings in MongoDB were worth $1,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MDB. Jennison Associates LLC lifted its holdings in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in MongoDB during the fourth quarter valued at about $90,478,000. Amundi lifted its stake in MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. Finally, Avala Global LP purchased a new stake in MongoDB during the third quarter valued at about $47,960,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Thomas Bull sold 169 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,314 shares of company stock valued at $12,981,833. 3.60% of the stock is owned by company insiders.

MongoDB Stock Up 0.1 %

Shares of MDB stock opened at $185.37 on Friday. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19. The business’s 50 day moving average is $256.72 and its two-hundred day moving average is $272.06. The company has a market cap of $13.80 billion, a PE ratio of -67.65 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the business earned $0.86 EPS. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Oppenheimer reduced their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Finally, Mizuho increased their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

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.