JAT Capital Mgmt LP Cuts Holdings in MongoDB, Inc. (NASDAQ:MDB)

JAT Capital Mgmt LP lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 84.3% during the fourth quarter, according to its most recent disclosure 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 comprises 0.5% of JAT Capital Mgmt LP's investment portfolio, making the stock its 27th biggest holding. JAT Capital Mgmt LP's holdings in MongoDB were worth $3,160,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MDB. OneDigital Investment Advisors LLC boosted its stake in MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after acquiring an additional 39 shares in the last quarter. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC grew its stake in shares of MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after buying an additional 42 shares during the period. Aigen Investment Management LP increased its position in MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after buying an additional 55 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its stake in MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after buying an additional 66 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 922 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $279.09, for a total value of $257,320.98. Following the completion of the sale, the director now owns 84,730 shares in the company, valued at $23,647,295.70. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,345 shares of company stock worth $7,687,310. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America decreased their price objective on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Piper Sandler lowered their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays dropped their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock 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 for the company in a research report on Thursday, March 6th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Eight research 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $294.78.

MongoDB Stock Up 1.8 %

MongoDB stock traded up $3.16 during midday trading on Monday, reaching $174.80. The stock had a trading volume of 503,845 shares, compared to its average volume of 2,178,835. The firm has a market capitalization of $14.19 billion, a PE ratio of -63.80 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $379.05. The firm's 50-day moving average price is $184.75 and its 200 day moving average price is $244.79.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 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 for the quarter, compared to analysts' expectations of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current 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.