UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 96,353 Shares of MongoDB, Inc. (NASDAQ:MDB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 approximately 1.53% of MongoDB worth $265,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB during the fourth quarter valued at approximately $29,000. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $35,000. Coppell Advisory Solutions LLC grew its stake in shares of 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 buying an additional 182 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after buying an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings in MongoDB by 57.4% during the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after buying an additional 140 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 268,948 shares in the company, valued at approximately $46,597,930.48. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction that occurred 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 in the company, valued at $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,538 shares of company stock worth $6,889,905 over the last three months. Corporate insiders own 3.60% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $2.58 during mid-day trading on Tuesday, reaching $188.43. The company had a trading volume of 556,157 shares, compared to its average volume of 1,928,488. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of -68.88 and a beta of 1.49. The business's 50-day simple moving average is $174.61 and its 200 day simple moving average is $234.84. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.

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 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 during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the business earned $0.86 earnings per share. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of MongoDB from $280.00 to $252.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Canaccord Genuity Group reduced their price target on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Oppenheimer lowered their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Citigroup cut their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Mizuho decreased their target price on MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $288.91.

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.