Gilder Gagnon Howe & Co. LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,573 shares of the company’s stock after selling 4,810 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.49% of MongoDB worth $84,876,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB in the 4th quarter valued at about $29,000. Hilltop National Bank increased its stake 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 during the period. NCP Inc. purchased a new position in MongoDB in the fourth quarter worth approximately $35,000. Versant Capital Management Inc lifted 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 acquiring an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the sale, the chief executive officer now directly owns 268,948 shares in the company, valued at $46,597,930.48. This represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,680 shares of company stock worth $10,819,027 in the last quarter. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Wells Fargo & Company downgraded MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Oppenheimer decreased their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Wedbush dropped their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $294.78.

Check Out Our Latest Analysis on MDB

MongoDB Trading Up 0.2 %

Shares of MDB stock opened at $173.50 on Friday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The company has a market cap of $14.09 billion, a price-to-earnings ratio of -63.32 and a beta of 1.49. The stock has a 50 day simple moving average of $195.15 and a 200-day simple moving average of $249.13.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

About MongoDB

(Free Report)

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.

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