USS Investment Management Ltd Has $3.12 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

USS Investment Management Ltd decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,409 shares of the company's stock after selling 2,412 shares during the quarter. USS Investment Management Ltd's holdings in MongoDB were worth $3,121,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the 4th quarter worth approximately $29,000. NCP Inc. purchased a new stake in MongoDB in the 4th quarter worth about $35,000. Coppell Advisory Solutions LLC lifted its stake in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after acquiring an additional 134 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Price Performance

Shares of MDB stock traded down $0.53 on Thursday, reaching $187.92. 524,530 shares of the stock were exchanged, compared to its average volume of 1,929,255. The stock has a market cap of $15.26 billion, a PE ratio of -68.40 and a beta of 1.49. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock has a 50 day moving average price of $174.52 and a 200 day moving average price of $234.21.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC reduced their price objective on MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. UBS Group set a $350.00 price target on MongoDB in a research note on Tuesday, March 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of MongoDB in a research note on Tuesday, May 20th. Daiwa Capital Markets assumed coverage on MongoDB in a research note on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price target for the company. Finally, Robert W. Baird lowered their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and a consensus target price of $286.88.

Insider Activity at MongoDB

In other MongoDB news, 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 transaction, the director now directly owns 1,109,006 shares of the company's stock, valued at approximately $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at $46,597,930.48. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,203 shares of company stock worth $4,660,459. 3.60% of the stock is owned by insiders.

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.