JAT Capital Mgmt LP Sells 72,745 Shares of MongoDB, Inc. (NASDAQ:MDB)

JAT Capital Mgmt LP reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 84.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,575 shares of the company's stock after selling 72,745 shares during the quarter. MongoDB accounts for approximately 0.5% of JAT Capital Mgmt LP's portfolio, making the stock its 27th largest holding. JAT Capital Mgmt LP's holdings in MongoDB were worth $3,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in MongoDB during the 4th quarter worth approximately $29,000. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in shares of MongoDB in the fourth quarter worth approximately $35,000. Versant Capital Management Inc grew 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 purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB in the third quarter worth $44,000. 89.29% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 268,948 shares of the company's stock, valued at $46,597,930.48. The trade was a 6.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,345 shares of company stock valued at $8,485,310 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

MongoDB Trading Down 0.3 %

MDB stock traded down $0.55 during trading on Friday, reaching $171.64. The stock had a trading volume of 1,905,966 shares, compared to its average volume of 1,850,539. The stock's 50 day moving average is $184.75 and its two-hundred day moving average is $245.21. The firm has a market cap of $13.94 billion, a PE ratio of -62.64 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. 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 previous year, the business posted $0.86 earnings per share. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut 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. Morgan Stanley cut their target price on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Citigroup cut their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group reduced their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.78.

About MongoDB

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.