Charles Schwab Investment Management Inc. Has $68.73 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Charles Schwab Investment Management Inc. lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,213 shares of the company’s stock after purchasing an additional 16,794 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MongoDB were worth $68,729,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MDB. Hilltop National Bank grew its stake in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the 3rd quarter worth about $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. NCP Inc. bought a new position in shares of MongoDB in the 4th quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the 3rd quarter valued at about $44,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,314 shares of company stock valued at $12,981,833. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MDB shares. Stifel Nicolaus reduced their price target on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note 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 research report on Thursday, March 6th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Morgan Stanley lowered their price objective on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Finally, Canaccord Genuity Group cut their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $319.87.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $195.70 on Wednesday. The business’s 50 day moving average price is $259.87 and its 200-day moving average price is $273.64. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of -71.42 and a beta of 1.30. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB) last issued its 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 company had revenue of $548.40 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.86 earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Profile

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.