MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Axa S.A.

AXA S.A. lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 93.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,035 shares of the company's stock after selling 1,446,394 shares during the period. AXA S.A. owned approximately 0.14% of MongoDB worth $24,453,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Daiwa America upgraded shares of MongoDB to a "strong-buy" rating in a research report on Tuesday, April 1st. Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Mizuho cut their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Piper Sandler reduced their price objective on MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $294.78.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $0.72 during midday trading on Friday, hitting $178.54. 1,598,686 shares of the company's stock traded hands, compared to its average volume of 1,865,585. The firm's fifty day moving average price is $176.07 and its two-hundred day moving average price is $241.73. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The company has a market cap of $14.50 billion, a PE ratio of -65.16 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other news, CEO Dev Ittycheria sold 18,512 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the sale, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. The trade was a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,423 shares of company stock worth $7,429,989 over the last 90 days. Company insiders own 3.60% of the company's stock.

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.