JAT Capital Mgmt LP lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 84.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,575 shares of the company’s stock after selling 72,745 shares during the quarter. MongoDB comprises approximately 0.5% of JAT Capital Mgmt LP’s holdings, making the stock its 27th largest position. JAT Capital Mgmt LP’s holdings in MongoDB were worth $3,160,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB in the fourth quarter valued at approximately $29,000. Hilltop National Bank increased its position in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. bought a new position in MongoDB during the fourth quarter worth $35,000. Versant Capital Management Inc increased its position in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after acquiring an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB during the third quarter worth $44,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of research reports. Daiwa Capital Markets initiated coverage on shares of MongoDB in a research report on Tuesday, April 1st. They set an “outperform” rating and a $202.00 target price on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $160.00 target price (down previously from $240.00) on shares of MongoDB in a research report on Friday. Loop Capital dropped their target price on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Truist Financial lowered their price target on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus dropped their price objective on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.78.

Get Our Latest Stock Analysis on MDB

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of the business’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 $3,207,389.12. Following the sale, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at approximately $46,597,930.48. The trade was a 6.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,345 shares of company stock worth $8,485,310 in the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.1 %

Shares of NASDAQ MDB opened at $174.69 on Wednesday. The firm has a market capitalization of $14.18 billion, a PE ratio of -63.76 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The firm’s 50-day moving average is $190.43 and its 200-day moving average is $247.31.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period last year, the business posted $0.86 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.

Featured Articles

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

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.