Voya Investment Management LLC reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 96.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,019 shares of the company’s stock after selling 12,794,369 shares during the period. Voya Investment Management LLC owned 0.64% of MongoDB worth $110,356,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the fourth quarter worth about $606,000. Union Bancaire Privee UBP SA bought a new position in shares of MongoDB in the 4th quarter worth approximately $3,515,000. HighTower Advisors LLC raised its position in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock worth $4,371,000 after acquiring an additional 372 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after purchasing an additional 4,665 shares during the period. Finally, Covea Finance bought a new stake in shares of MongoDB during the fourth quarter valued at approximately $3,841,000. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at $60,840,147.06. The trade was a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $266.00, for a total value of $798,000.00. Following the completion of the sale, the director now directly owns 1,113,006 shares in the company, valued at $296,059,596. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,680 shares of company stock valued at $10,819,027. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Robert W. Baird lowered their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group cut 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. Piper Sandler lowered their target price on shares of MongoDB from $280.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday. Needham & Company LLC reduced their price objective on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, China Renaissance initiated coverage on MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 target price on the stock. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $294.78.

Check Out Our Latest Stock Analysis on MDB

MongoDB Stock Performance

Shares of MDB traded up $0.29 during mid-day trading on Friday, reaching $173.50. The stock had a trading volume of 2,105,392 shares, compared to its average volume of 1,841,392. The firm has a market cap of $14.09 billion, a price-to-earnings ratio of -63.32 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19. The business has a fifty day moving average of $195.15 and a 200 day moving average of $248.95.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $0.86 EPS. On average, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

About MongoDB

(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.

Further Reading

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

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.