USS Investment Management Ltd trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 15.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,409 shares of the company’s stock after selling 2,412 shares during the quarter. USS Investment Management Ltd’s holdings in MongoDB were worth $3,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the 4th quarter worth approximately $29,000. NCP Inc. bought a new position in MongoDB in the 4th quarter worth approximately $35,000. Coppell Advisory Solutions LLC boosted its stake in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after purchasing an additional 182 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after acquiring an additional 134 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of MongoDB by 57.4% during the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after acquiring an additional 140 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Transactions at MongoDB

In other news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the transaction, the chief executive officer now owns 268,948 shares of the company’s stock, valued at approximately $46,597,930.48. This represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of the 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 directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,538 shares of company stock valued at $6,889,905. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Down 1.4%

Shares of MongoDB stock opened at $185.85 on Friday. The stock’s fifty day moving average is $174.75 and its two-hundred day moving average is $236.90. The company has a market capitalization of $15.09 billion, a PE ratio of -67.83 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 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 company earned $0.86 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on MDB shares. Stifel Nicolaus decreased their price objective on MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group decreased their price objective on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Barclays decreased their price objective on MongoDB from $280.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Truist Financial decreased their price objective on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Oppenheimer decreased their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $288.91.

Check Out Our Latest Stock Analysis on MongoDB

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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