American Century Companies Inc. Sells 16,306 Shares of MongoDB, Inc. (NASDAQ:MDB)

American Century Companies Inc. cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 684,896 shares of the company’s stock after selling 16,306 shares during the period. American Century Companies Inc.’s holdings in MongoDB were worth $159,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC boosted its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares during the period. Aigen Investment Management LP boosted its holdings in MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after purchasing an additional 55 shares during the period. Perigon Wealth Management LLC boosted its holdings in MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after purchasing an additional 66 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after purchasing an additional 72 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 1.7 %

Shares of NASDAQ MDB opened at $192.54 on Friday. The firm has a market capitalization of $14.34 billion, a PE ratio of -70.27 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 firm’s 50-day moving average is $250.97 and its 200-day moving average is $269.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.86 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 14,899 shares in the company, 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 have sold 43,139 shares of company stock valued at $11,328,869 in the last 90 days. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on MDB shares. Robert W. Baird reduced their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Royal Bank of Canada reduced their price objective on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of MongoDB in a report on Thursday, March 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.70.

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.