Schonfeld Strategic Advisors LLC reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,556 shares of the company’s stock after selling 6,018 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in MongoDB were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after buying an additional 181,962 shares in the last quarter. Geode Capital Management LLC raised its position in shares of MongoDB by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after buying an additional 22,106 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock valued at $199,031,000 after buying an additional 95,893 shares during the period. Finally, Norges Bank acquired a new stake in MongoDB during the fourth quarter worth approximately $189,584,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In related news, CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. This represents a 7.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,345 shares of company stock valued at $7,687,310. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent analyst reports. Barclays reduced their price target on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus reduced their target price on MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Cantor Fitzgerald initiated coverage on MongoDB in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.78.

Read Our Latest Research Report on MDB

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $1.32 during midday trading on Monday, reaching $172.96. 1,254,868 shares of the company’s stock were exchanged, compared to its average volume of 1,851,850. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The business’s fifty day moving average price is $184.75 and its two-hundred day moving average price is $244.79. The stock has a market capitalization of $14.04 billion, a PE ratio of -63.12 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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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