abrdn plc lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,877 shares of the company’s stock after selling 6,998 shares during the period. abrdn plc’s holdings in MongoDB were worth $8,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC purchased a new stake in MongoDB during the fourth quarter worth $606,000. Aigen Investment Management LP bought a new position in shares of MongoDB during the 3rd quarter worth approximately $1,045,000. Geode Capital Management LLC boosted its stake in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in MongoDB in the third quarter valued at approximately $4,366,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the sale, the director now directly owns 1,113,006 shares in the company, valued at approximately $296,059,596. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,491 shares of company stock valued at $11,543,480. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Down 0.1 %

MongoDB stock traded down $0.23 during midday trading on Friday, reaching $277.87. The company had a trading volume of 1,285,901 shares, compared to its average volume of 1,481,443. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The firm’s fifty day simple moving average is $267.08 and its 200-day simple moving average is $270.55.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the company posted $0.96 earnings per share. The business’s revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Citigroup upped their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Rosenblatt Securities initiated coverage on MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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MongoDB Company 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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