MongoDB, Inc. (NASDAQ:MDB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,141,993 shares of the company's stock after selling 96,353 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.53% of MongoDB worth $265,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP bought a new position in MongoDB during the 4th quarter valued at $247,000. Vident Advisory LLC lifted its holdings in shares of MongoDB by 25.9% in the fourth quarter. Vident Advisory LLC now owns 1,851 shares of the company's stock valued at $431,000 after buying an additional 381 shares during the period. Spyglass Capital Management LLC boosted its stake in MongoDB by 5.8% during the fourth quarter. Spyglass Capital Management LLC now owns 249,683 shares of the company's stock valued at $58,129,000 after buying an additional 13,712 shares in the last quarter. Two Sigma Investments LP acquired a new position in MongoDB during the fourth quarter worth about $768,000. Finally, Two Sigma Advisers LP acquired a new position in MongoDB during the fourth quarter worth about $6,519,000. Institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total value of $2,229,445.80. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $58,121,799.12. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,538 shares of company stock worth $6,889,905 in the last 90 days. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. Truist Financial lowered their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and decreased their price target for the stock from $350.00 to $190.00 in a research report on Tuesday. Macquarie cut their price objective on MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. KeyCorp cut MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $288.91.

MongoDB Trading Down 2.1%

MDB opened at $185.01 on Thursday. The stock has a fifty day moving average price of $174.84 and a 200 day moving average price of $237.45. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $379.06. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of -67.52 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly 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 net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.

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