Capital Research Global Investors reduced its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,540 shares of the company’s stock after selling 881,000 shares during the quarter. Capital Research Global Investors owned approximately 0.74% of MongoDB worth $128,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Franklin Resources Inc. boosted its stake in MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Geode Capital Management LLC grew its holdings in MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after purchasing an additional 22,106 shares during the period. First Trust Advisors LP raised its holdings in MongoDB by 12.6% in the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock worth $199,031,000 after purchasing an additional 95,893 shares during the period. Finally, Norges Bank acquired a new position in shares of MongoDB in the 4th quarter valued at $189,584,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 1,690 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 $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,680 shares of company stock worth $11,084,027 in the last 90 days. Company insiders own 3.60% of the company’s stock.

MongoDB Trading Down 0.5 %

MDB stock opened at $159.26 on Monday. The business’s 50 day simple moving average is $208.15 and its 200 day simple moving average is $252.42. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The firm has a market capitalization of $12.93 billion, a PE ratio of -58.12 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly 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 net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on MDB shares. Barclays reduced their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Wedbush decreased their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, The Goldman Sachs Group dropped 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 research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $299.78.

Get Our Latest Stock Report on MDB

MongoDB Profile

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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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