MongoDB, Inc. (NASDAQ:MDB) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,840 shares of the company’s stock after selling 1,807 shares during the quarter. William Blair Investment Management LLC’s holdings in MongoDB were worth $6,016,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in MongoDB in the third quarter valued at about $36,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the 3rd quarter valued at approximately $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB stock opened at $190.06 on Thursday. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The company has a 50 day moving average price of $253.21 and a 200 day moving average price of $270.89. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.86 earnings per share. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction 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 $3,487,706.91. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 over the last three months. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Bank of America reduced their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Tigress Financial raised their price objective 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. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Oppenheimer reduced their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.70.

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.