Champlain Investment Partners LLC Reduces Holdings in MongoDB, Inc. (NASDAQ:MDB)

Champlain Investment Partners LLC lowered its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 765,469 shares of the company's stock after selling 56,915 shares during the period. MongoDB makes up 1.1% of Champlain Investment Partners LLC's holdings, making the stock its 25th biggest holding. Champlain Investment Partners LLC owned 1.03% of MongoDB worth $178,209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of MongoDB during the 3rd quarter worth approximately $81,000. Coldstream Capital Management Inc. acquired a new position in MongoDB during the third quarter valued at approximately $209,000. Virtu Financial LLC lifted its stake in MongoDB by 351.2% during the third quarter. Virtu Financial LLC now owns 10,016 shares of the company's stock worth $2,708,000 after purchasing an additional 7,796 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the 3rd quarter valued at $44,000. Finally, Tidal Investments LLC raised its holdings in shares of MongoDB by 76.8% during the 3rd quarter. Tidal Investments LLC now owns 7,859 shares of the company's stock worth $2,125,000 after buying an additional 3,415 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Up 1.7 %

Shares of NASDAQ:MDB traded up $2.61 during mid-day trading on Tuesday, hitting $154.28. 1,507,182 shares of the company traded hands, compared to its average volume of 1,816,125. The stock has a market cap of $12.53 billion, a P/E ratio of -56.24 and a beta of 1.49. The stock has a 50-day moving average price of $205.34 and a two-hundred day moving average price of $251.62. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its 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 firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the company earned $0.86 EPS. As a group, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of recent analyst reports. Bank of America decreased their target price on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective for the company in a research report on Thursday, April 17th. Citigroup cut their target price on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Loop Capital dropped their price target on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Needham & Company LLC dropped their target price on MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average target price of $299.78.

Insider Activity

In related news, insider Cedric Pech sold 1,690 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the sale, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,680 shares of company stock valued at $10,819,027 over the last three months. Corporate insiders own 3.60% of the company's stock.

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.