MongoDB, Inc. (NASDAQ:MDB) Position Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,774 shares of the company’s stock after selling 4,443 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of MongoDB worth $18,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDB. Robeco Institutional Asset Management B.V. lifted its position in MongoDB by 2,134.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 33,332 shares of the company’s stock worth $11,528,000 after purchasing an additional 31,840 shares during the period. Xponance Inc. lifted its position in MongoDB by 2.0% in the third quarter. Xponance Inc. now owns 9,405 shares of the company’s stock worth $3,253,000 after purchasing an additional 187 shares during the period. Raymond James & Associates lifted its position in MongoDB by 34.8% in the third quarter. Raymond James & Associates now owns 53,047 shares of the company’s stock worth $18,347,000 after purchasing an additional 13,686 shares during the period. AtonRa Partners acquired a new stake in MongoDB in the third quarter worth approximately $237,000. Finally, Zweig DiMenna Associates LLC lifted its position in MongoDB by 112.7% in the third quarter. Zweig DiMenna Associates LLC now owns 14,250 shares of the company’s stock worth $4,929,000 after purchasing an additional 7,550 shares during the period. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDB. UBS Group reiterated a “neutral” rating and set a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Needham & Company LLC reiterated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Thursday, April 25th. Citigroup increased their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Truist Financial increased their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Guggenheim increased their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

Read Our Latest Stock Analysis on MDB

MongoDB Stock Performance

NASDAQ MDB opened at $363.17 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $373.33 and a 200-day moving average of $390.92. MongoDB, Inc. has a 1-year low of $215.56 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold a total of 57,802 shares of company stock worth $22,142,301 over the last ninety days. Company insiders own 4.80% of the company’s stock.

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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