Envestnet Asset Management Inc. Has $3.25 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

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Envestnet Asset Management Inc. Has $3.25 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

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Envestnet Asset Management Inc. trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,511 shares of the company’s stock after selling 1,141 shares during the quarter. Envestnet Asset Management Inc.’s holdings in MongoDB were worth $3,250,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of MongoDB by 87.4% during the 3rd quarter. Marshall Wace LLP now owns 696,998 shares of the company’s stock valued at $138,396,000 after purchasing an additional 325,136 shares during the period. National Bank of Canada FI increased its position in shares of MongoDB by 5,168.6% during the 4th quarter. National Bank of Canada FI now owns 273,069 shares of the company’s stock valued at $53,751,000 after purchasing an additional 267,886 shares during the last quarter. Eventide Asset Management LLC increased its position in shares of MongoDB by 236.2% during the 3rd quarter. Eventide Asset Management LLC now owns 289,160 shares of the company’s stock valued at $57,416,000 after purchasing an additional 203,160 shares during the last quarter. Wellington Management Group LLP increased its position in shares of MongoDB by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 672,545 shares of the company’s stock valued at $298,334,000 after purchasing an additional 140,260 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MDB shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $235.00 price objective on shares of MongoDB in a report on Thursday, March 9th. Mizuho lowered their target price on MongoDB from $220.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. Tigress Financial reaffirmed a “buy” rating and set a $365.00 price objective on shares of MongoDB in a research report on Thursday, April 20th. Stifel Nicolaus reduced their price objective on MongoDB from $256.00 to $240.00 in a research report on Thursday, February 23rd. Finally, Guggenheim began coverage on MongoDB in a research report on Thursday, January 26th. They set a “neutral” rating and a $205.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.00.

MongoDB Stock Down 0.2 %

Shares of NASDAQ:MDB opened at $275.48 on Wednesday. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $390.84. The stock has a market cap of $19.29 billion, a P/E ratio of -54.66 and a beta of 1.06. The business’s 50 day moving average is $226.89 and its 200 day moving average is $203.44. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 1.54.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported ($0.98) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.20. The firm had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $335.84 million. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. Sell-side analysts predict that MongoDB, Inc. will post -4.04 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 14,095 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total transaction of $2,916,960.25. Following the sale, the director now directly owns 1,227,954 shares in the company, valued at approximately $254,125,080.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Dwight A. Merriman sold 14,095 shares of MongoDB stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total value of $2,916,960.25. Following the sale, the director now directly owns 1,227,954 shares in the company, valued at approximately $254,125,080.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 49,249 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $227.55, for a total value of $11,206,609.95. Following the transaction, the chief executive officer now owns 222,311 shares in the company, valued at $50,586,868.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,108 shares of company stock worth $30,127,927. Insiders own 5.70% of the company’s stock.

MongoDB Company Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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