AXA S.A. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 93.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,035 shares of the company’s stock after selling 1,446,394 shares during the period. AXA S.A. owned 0.14% of MongoDB worth $24,453,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advent International L.P. grew its holdings in shares of MongoDB by 51.4% during the fourth quarter. Advent International L.P. now owns 54,500 shares of the company’s stock valued at $12,688,000 after buying an additional 18,500 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its holdings in shares of MongoDB by 37.4% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 2,937 shares of the company’s stock valued at $684,000 after purchasing an additional 800 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of MongoDB by 196.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company’s stock worth $10,268,000 after purchasing an additional 29,203 shares during the period. Utah Retirement Systems increased its stake in MongoDB by 1.7% in the 4th quarter. Utah Retirement Systems now owns 11,840 shares of the company’s stock valued at $2,756,000 after buying an additional 200 shares during the period. Finally, AQR Capital Management LLC lifted its position in MongoDB by 92.1% in the 4th quarter. AQR Capital Management LLC now owns 37,126 shares of the company’s stock worth $8,643,000 after buying an additional 17,802 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Up 1.2 %

NASDAQ:MDB traded up $2.11 during mid-day trading on Wednesday, hitting $174.33. 1,216,149 shares of the stock traded hands, compared to its average volume of 1,852,064. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $379.06. The company has a market cap of $14.15 billion, a PE ratio of -63.62 and a beta of 1.49. The business’s 50-day moving average price is $181.04 and its 200 day moving average price is $243.57.

MongoDB (NASDAQ:MDB – Get Free Report) last posted 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 business 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 earned $0.86 earnings per share. Analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of MongoDB 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 completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were 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. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,345 shares of company stock worth $7,687,310 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Daiwa Capital Markets began coverage on MongoDB in a research note on Tuesday, April 1st. They set an “outperform” rating and a $202.00 price target for the company. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Oppenheimer lowered their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, China Renaissance started coverage on shares of MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $294.78.

Check Out Our Latest Stock Analysis on MongoDB

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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