Hood River Capital Management LLC reduced its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,784 shares of the company’s stock after selling 5,465 shares during the quarter. Hood River Capital Management LLC’s holdings in MongoDB were worth $3,907,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL bought a new position in shares of MongoDB in the 4th quarter worth $29,000. Hilltop National Bank raised its holdings in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at about $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB in the 3rd quarter valued at about $44,000. Finally, Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Up 6.9 %

Shares of MongoDB stock opened at $162.72 on Thursday. The firm has a market cap of $13.21 billion, a PE ratio of -59.38 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $387.19. The business has a 50-day moving average price of $199.98 and a 200 day moving average price of $250.32.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Scotiabank reissued a “sector perform” rating and set a $240.00 target price (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Loop Capital lowered their price objective on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, January 6th. Rosenblatt Securities reissued a “buy” rating and issued a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group cut their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $297.28.

Check Out Our Latest Report on MDB

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Srdjan Tanjga sold 525 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 $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,680 shares of company stock valued at $10,819,027 over the last quarter. 3.60% of the stock is currently owned by insiders.

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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