Bank of Montreal Can trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 99.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,055 shares of the company’s stock after selling 34,204,855 shares during the period. Bank of Montreal Can owned approximately 0.12% of MongoDB worth $20,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. Continuum Advisory LLC raised its holdings in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. NCP Inc. acquired a new stake in MongoDB during the fourth quarter valued at $35,000. Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter valued at about $44,000. Finally, Versant Capital Management Inc increased its position in 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 purchasing an additional 165 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Up 0.7 %

MongoDB stock opened at $162.24 on Friday. The business has a 50 day moving average price of $220.46 and a two-hundred day moving average price of $256.10. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of -59.21 and a beta of 1.49.

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 analysts’ consensus estimates 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 firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MDB shares. Stifel Nicolaus reduced their price target on MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a report on Friday. Bank of America cut their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Barclays decreased their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Oppenheimer cut their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $310.74.

Check Out Our Latest Analysis on MongoDB

Insider Activity at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares of the company’s stock, valued at $9,985,666.84. The trade was a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $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 have sold a total of 58,060 shares of company stock valued at $13,461,875 over the last quarter. 3.60% of the stock is owned by company 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.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you’re planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.