MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 98.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,196 shares of the company's stock after selling 187,919 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in MongoDB were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB in the 4th quarter valued at about $29,000. Coppell Advisory Solutions LLC boosted its holdings in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after acquiring an additional 182 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of MongoDB in the 4th quarter valued at about $97,000. Fifth Third Bancorp grew its stake in MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the period. Finally, Versant Capital Management Inc increased its holdings in MongoDB by 237.2% in the 1st quarter. Versant Capital Management Inc now owns 607 shares of the company's stock valued at $106,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Down 3.2%

NASDAQ MDB traded down $6.76 on Friday, reaching $202.51. 1,692,989 shares of the stock traded hands, compared to its average volume of 1,973,088. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a market cap of $16.55 billion, a price-to-earnings ratio of -177.64 and a beta of 1.41. The firm's fifty day simple moving average is $199.07 and its 200 day simple moving average is $214.09.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same quarter last year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MDB shares. Barclays lifted their price target on shares of MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Mizuho lowered their price objective on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada reissued an "outperform" rating and set a $320.00 target price on shares of MongoDB in a report on Thursday, June 5th. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $350.00 to $190.00 in a research note on Tuesday, May 20th. Finally, Stifel Nicolaus decreased their target price on MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $282.39.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares of the company's stock, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at approximately $259,039,404. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,746 shares of company stock valued at $7,500,196 in the last quarter. Insiders own 3.10% of the company's stock.

About MongoDB

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.