Dimensional Fund Advisors LP Has $24.84 Million Position in MongoDB, Inc. (NASDAQ:MDB)

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Dimensional Fund Advisors LP Has $24.84 Million Position in MongoDB, Inc. (NASDAQ:MDB)

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Dimensional Fund Advisors LP trimmed its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,706 shares of the company’s stock after selling 194 shares during the quarter. Dimensional Fund Advisors LP owned about 0.14% of MongoDB worth $24,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in MongoDB in the 4th quarter valued at about $189,584,000. Marshall Wace LLP acquired a new position in shares of MongoDB during the fourth quarter worth approximately $110,356,000. Raymond James Financial Inc. bought a new position in shares of MongoDB in the 4th quarter worth $90,478,000. Amundi grew its position in MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after purchasing an additional 321,186 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in 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 purchasing an additional 294,228 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Down 0.4 %

Shares of MDB opened at $172.22 on Wednesday. The business’s 50-day moving average price is $181.04 and its 200-day moving average price is $243.57. The stock has a market cap of $13.98 billion, a PE ratio of -62.85 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06.

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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). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the previous year, the company posted $0.86 EPS. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Royal Bank of Canada dropped their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Piper Sandler decreased their price target on MongoDB from $280.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Finally, Macquarie dropped their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $294.78.

View Our Latest Research Report on MDB

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 922 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $279.09, for a total transaction of $257,320.98. Following the transaction, the director now directly owns 84,730 shares in the company, valued at approximately $23,647,295.70. This represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $58,121,799.12. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,345 shares of company stock worth $7,687,310 over the last three months. 3.60% of the stock is owned by insiders.

MongoDB 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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