Zevenbergen Capital Investments LLC Sells 2,355 Shares of MongoDB, Inc. (NASDAQ:MDB)

Zevenbergen Capital Investments LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,730 shares of the company’s stock after selling 2,355 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in MongoDB were worth $18,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of MongoDB during the 4th quarter worth $90,478,000. Amundi raised its holdings in MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the last quarter. Avala Global LP bought a new stake in shares of MongoDB in the 3rd quarter valued at about $47,960,000. Finally, LBP AM SA grew its position in shares of MongoDB by 81.9% in the 4th quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after buying an additional 110,768 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Truist Financial lowered their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. China Renaissance started coverage on shares of MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective on the stock. Finally, Mizuho raised their target price on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.70.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $192.54 on Monday. The firm has a fifty day moving average of $250.97 and a 200 day moving average of $269.40. The firm has a market cap of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

MongoDB (NASDAQ:MDB) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.86 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CFO Michael Lawrence Gordon sold 1,245 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the sale, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock valued at $11,328,869 over the last quarter. 3.60% of the stock is currently owned by insiders.

MongoDB Company 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.