Fmr LLC Decreases Stake in MongoDB, Inc. (NASDAQ:MDB)

Fmr LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 84.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,480,245 shares of the company’s stock after selling 18,690,392 shares during the period. Fmr LLC owned approximately 4.67% of MongoDB worth $810,236,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MDB. Norges Bank purchased a new position in shares of MongoDB in the fourth quarter worth about $189,584,000. Raymond James Financial Inc. purchased a new position in MongoDB during the 4th quarter worth approximately $90,478,000. Amundi raised its position in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now directly owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock worth $13,461,875 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent research reports. Barclays reduced their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Robert W. Baird decreased their price target on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. DA Davidson boosted their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Loop Capital dropped their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $312.84.

MongoDB Trading Down 4.5 %

Shares of MDB stock opened at $147.38 on Tuesday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $387.19. The company’s 50-day moving average price is $234.34 and its 200-day moving average price is $260.82. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of -53.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last posted its earnings results 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 during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.