Invesco Ltd. Sells 3,572,304 Shares of MongoDB, Inc. (NASDAQ:MDB)

Invesco Ltd. decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 81.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 818,150 shares of the company's stock after selling 3,572,304 shares during the period. Invesco Ltd. owned approximately 1.10% of MongoDB worth $190,474,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hilltop National Bank increased its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. bought a new stake in shares of MongoDB during the 4th quarter worth $35,000. Continuum Advisory LLC grew its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in MongoDB during the 3rd quarter valued at $44,000. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research reports. Needham & Company LLC decreased their price target on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Royal Bank of Canada cut their price target on MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Oppenheimer decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus reduced their price target on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $240.00 price target (down previously from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $299.78.

Insider Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at $55,379,548.84. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, 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 have sold a total of 57,015 shares of company stock valued at $13,208,285 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Down 0.8 %

Shares of NASDAQ:MDB traded down $1.22 on Thursday, hitting $158.82. The company had a trading volume of 506,304 shares, compared to its average volume of 1,802,808. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The stock has a 50 day moving average price of $213.23 and a 200 day moving average price of $253.88. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of -57.99 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 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 prior year, the firm earned $0.86 EPS. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.