Alliancebernstein L.P. lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,001 shares of the company’s stock after selling 5,503 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of MongoDB worth $20,255,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new stake in shares of MongoDB in the fourth quarter worth $189,584,000. Raymond James Financial Inc. acquired a new position in shares of MongoDB in the 4th quarter worth approximately $90,478,000. Amundi raised its holdings in shares of MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares during the period. Assenagon Asset Management S.A. grew its position in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in MongoDB by 69.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 356,964 shares of the company’s stock valued at $83,105,000 after purchasing an additional 145,854 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB stock traded up $25.49 during trading hours on Wednesday, reaching $171.34. The company had a trading volume of 3,611,865 shares, compared to its average volume of 1,790,746. The firm has a market cap of $13.91 billion, a PE ratio of -62.53 and a beta of 1.49. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The business has a fifty day moving average price of $228.92 and a 200-day moving average price of $259.09.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data 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 net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,060 shares of company stock worth $13,461,875 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Daiwa America upgraded MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Wednesday, December 11th. Oppenheimer reduced their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Needham & Company LLC reduced their price objective on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a 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 stock. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $312.84.

Read Our Latest Analysis on MDB

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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