MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Fmr LLC

Fmr LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 84.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,480,245 shares of the company’s stock after selling 18,690,392 shares during the quarter. Fmr LLC’s holdings in MongoDB were worth $810,236,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hilltop National Bank lifted its holdings in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in shares of MongoDB during the 4th quarter worth about $35,000. Continuum Advisory LLC lifted its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc boosted its holdings in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter valued at approximately $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. The trade was a 3.69 % 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 1,690 shares of the firm’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 $292,809.40. Following the sale, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This represents a 2.85 % 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 valued at $13,461,875 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several research analyst reports. UBS Group set a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Tigress Financial raised their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $312.84.

MongoDB Price Performance

NASDAQ MDB opened at $147.38 on Tuesday. The business has a 50 day moving average price of $234.34 and a 200 day moving average price of $260.82. The company has a market capitalization of $11.97 billion, a P/E ratio of -53.79 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB) last released its quarterly 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 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 period last year, the firm earned $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.