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

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

Other large investors also recently modified their holdings of the company. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. acquired a new position in MongoDB during the 4th quarter worth $35,000. Brooklyn Investment Group acquired a new position in MongoDB in the third quarter worth about $36,000. Continuum Advisory LLC grew its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

MDB opened at $190.06 on Thursday. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The business has a 50 day moving average price of $253.21 and a two-hundred day moving average price of $270.89.

MongoDB (NASDAQ:MDB) 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 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 last year, the company earned $0.86 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on MDB shares. Wedbush decreased their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group decreased their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Bank of America decreased their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $320.70.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total transaction of $713,190.00. Following the completion of the sale, the director now directly owns 1,117,006 shares of the company’s stock, valued at $265,545,836.38. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now directly 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 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. 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.