MongoDB, Inc. (NASDAQ:MDB) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 684,896 shares of the company’s stock after selling 16,306 shares during the quarter. American Century Companies Inc. owned about 0.92% of MongoDB worth $159,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in MongoDB in the 4th quarter valued at approximately $702,000. Virtu Financial LLC increased its position in MongoDB by 101.7% in the 4th quarter. Virtu Financial LLC now owns 20,202 shares of the company’s stock valued at $4,703,000 after acquiring an additional 10,186 shares during the period. Royal London Asset Management Ltd. increased its position in MongoDB by 8.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 30,096 shares of the company’s stock valued at $7,007,000 after acquiring an additional 2,266 shares during the period. Kazazian Asset Management LLC acquired a new stake in MongoDB in the 4th quarter valued at approximately $1,229,000. Finally, Harvest Fund Management Co. Ltd increased its position in MongoDB by 27.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 4,347 shares of the company’s stock valued at $1,005,000 after acquiring an additional 944 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $192.54 on Friday. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The business’s 50-day moving average price is $250.97 and its two-hundred day moving average price is $269.55. The company has a market capitalization of $14.34 billion, a P/E ratio of -70.27 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 during 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 prior year, the company posted $0.86 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on MDB. Royal Bank of Canada lowered their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Cantor Fitzgerald assumed coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target on the stock. Macquarie lowered their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Canaccord Genuity Group lowered their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, DA Davidson lifted their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.70.

Insider Transactions at MongoDB

In other news, CFO Michael Lawrence Gordon sold 1,245 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 transaction of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares in the company, valued at $18,507,623.58. This represents a 1.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 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 $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock worth $11,328,869 in the last 90 days. 3.60% of the stock is owned by insiders.

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.