Hood River Capital Management LLC Sells 5,465 Shares of MongoDB, Inc. (NASDAQ:MDB)

Hood River Capital Management LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,784 shares of the company's stock after selling 5,465 shares during the period. Hood River Capital Management LLC's holdings in MongoDB were worth $3,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc purchased a new position in shares of MongoDB during the 3rd quarter worth $81,000. Virtu Financial LLC increased its position in shares of MongoDB by 351.2% during the third quarter. Virtu Financial LLC now owns 10,016 shares of the company's stock worth $2,708,000 after acquiring an additional 7,796 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of MongoDB during the third quarter worth about $44,000. Tidal Investments LLC increased its position in shares of MongoDB by 76.8% during the third quarter. Tidal Investments LLC now owns 7,859 shares of the company's stock worth $2,125,000 after acquiring an additional 3,415 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company's stock worth $1,648,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research reports. Canaccord Genuity Group decreased their target price on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price target on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Scotiabank reissued a "sector perform" rating and set a $160.00 price target (down from $240.00) on shares of MongoDB in a report on Friday. Guggenheim raised MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Monday, January 6th. Finally, Loop Capital lowered their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $294.78.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company's stock, 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. Over the last three months, insiders sold 39,345 shares of company stock worth $8,485,310. 3.60% of the stock is currently owned by insiders.

MongoDB Trading Up 0.2 %

Shares of NASDAQ MDB traded up $0.42 during mid-day trading on Tuesday, hitting $174.93. The company had a trading volume of 515,143 shares, compared to its average volume of 1,836,179. The company has a market capitalization of $14.20 billion, a PE ratio of -63.84 and a beta of 1.49. The firm has a 50-day simple moving average of $192.74 and a two-hundred day simple moving average of $247.82. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the company earned $0.86 EPS. Sell-side analysts expect 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.