Axa S.A. Cuts Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

AXA S.A. cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 93.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,035 shares of the company's stock after selling 1,446,394 shares during the quarter. AXA S.A. owned approximately 0.14% of MongoDB worth $24,453,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB during the fourth quarter worth about $29,000. Hilltop National Bank raised its stake 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. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake 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 valued at $42,000 after buying an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the third quarter worth $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $4.93 during trading on Thursday, reaching $179.26. The stock had a trading volume of 1,742,204 shares, compared to its average volume of 1,856,081. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The firm's fifty day moving average is $179.18 and its 200 day moving average is $243.09. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of -65.42 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective for the company in a research report on Thursday, April 17th. UBS Group set a $350.00 price target on MongoDB in a research report on Tuesday, March 4th. Loop Capital reduced their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Rosenblatt Securities restated a "buy" rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada decreased their price objective on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and a consensus target price of $294.78.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $58,121,799.12. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,345 shares of company stock valued at $7,687,310. Corporate insiders own 3.60% of the company's stock.

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.