DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 90.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,250 shares of the company’s stock after selling 298,750 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in MongoDB were worth $7,275,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB during the 4th quarter worth approximately $29,000. Hilltop National Bank raised its stake in shares of 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 acquiring an additional 42 shares during the period. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB purchased a new stake in MongoDB during the 3rd quarter worth $44,000. Finally, Coppell Advisory Solutions LLC increased its holdings in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after purchasing an additional 182 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total value of $2,229,445.80. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $58,121,799.12. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $281.62, for a total value of $281,620.00. Following the completion of the transaction, the director now directly owns 1,112,006 shares in the company, valued at approximately $313,163,129.72. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,423 shares of company stock valued at $7,429,989 over the last three months. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MDB shares. Robert W. Baird lowered their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Truist Financial dropped their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group decreased their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Loop Capital cut their price objective on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a $160.00 price target (down previously from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $294.78.

View Our Latest Report on MongoDB

MongoDB Trading Down 0.4 %

Shares of NASDAQ MDB opened at $178.54 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The firm has a 50-day moving average of $176.07 and a two-hundred day moving average of $241.86. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of -65.16 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last released 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). The business had revenue of $548.40 million for 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 period in the prior year, the company earned $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Company Profile

(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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