Schonfeld Strategic Advisors LLC decreased its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB during the 4th quarter valued at about $29,000. Hilltop National Bank raised its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. purchased a new position in MongoDB during the fourth quarter valued at $35,000. Versant Capital Management Inc boosted its stake 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of MongoDB in the 3rd quarter worth approximately $44,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the transaction, the director now owns 1,113,006 shares of the company’s stock, valued at $296,059,596. This represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the firm’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 $3,207,389.12. Following the completion of the transaction, the chief executive officer now directly owns 268,948 shares in the company, valued at $46,597,930.48. This trade represents a 6.44 % 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 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group dropped their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Barclays dropped their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Robert W. Baird decreased their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Oppenheimer lowered their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Loop Capital cut their price objective 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. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.78.

View Our Latest Research Report on MDB

MongoDB Price Performance

Shares of NASDAQ MDB traded down $0.55 during midday trading on Friday, hitting $171.64. The stock had a trading volume of 1,905,966 shares, compared to its average volume of 1,854,248. The firm has a market cap of $13.94 billion, a P/E ratio of -62.64 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $379.06. The company’s 50-day simple moving average is $184.75 and its 200 day simple moving average is $244.98.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly 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). 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 during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the company earned $0.86 earnings per share. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS 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.

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