Lazard Asset Management LLC Has $88,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Lazard Asset Management LLC trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 384 shares of the company's stock after selling 42,557,620 shares during the quarter. Lazard Asset Management LLC's holdings in MongoDB were worth $88,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MDB. LMR Partners LLP acquired a new stake in MongoDB in the fourth quarter valued at $22,117,000. Lighthouse Investment Partners LLC increased its position in shares of MongoDB by 245.5% in the 4th quarter. Lighthouse Investment Partners LLC now owns 19,000 shares of the company's stock worth $4,423,000 after purchasing an additional 13,500 shares during the last quarter. Interval Partners LP raised its stake in shares of MongoDB by 68.9% in the 4th quarter. Interval Partners LP now owns 17,838 shares of the company's stock valued at $4,153,000 after purchasing an additional 7,275 shares in the last quarter. Investment Management Corp of Ontario lifted its position in shares of MongoDB by 63.9% during the fourth quarter. Investment Management Corp of Ontario now owns 3,919 shares of the company's stock worth $912,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of MongoDB by 5.3% during the fourth quarter. Janus Henderson Group PLC now owns 8,335 shares of the company's stock worth $1,940,000 after purchasing an additional 421 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MDB. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price objective on shares of MongoDB in a report on Tuesday, May 20th. Truist Financial lowered their price target on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Canaccord Genuity Group reduced their price objective on MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Piper Sandler decreased their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Oppenheimer lowered their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.91.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. The trade was a 2.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares of the company's stock, valued at $46,597,930.48. The trade was a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,538 shares of company stock valued at $6,889,905 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 1.7%

MongoDB stock traded up $3.10 during midday trading on Tuesday, hitting $188.95. The company's stock had a trading volume of 1,979,362 shares, compared to its average volume of 1,933,997. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a market capitalization of $15.34 billion, a PE ratio of -68.96 and a beta of 1.49. The stock's 50-day moving average price is $174.60 and its 200-day moving average price is $234.52.

MongoDB (NASDAQ:MDB - Get Free Report) 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business 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 firm earned $0.86 earnings per share. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS 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.