MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP lessened its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 93.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,229 shares of the company's stock after selling 33,300 shares during the quarter. Bayesian Capital Management LP's holdings in MongoDB were worth $519,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MDB. B.O.S.S. Retirement Advisors LLC purchased a new position in MongoDB in the fourth quarter worth approximately $606,000. Union Bancaire Privee UBP SA acquired a new stake in shares of MongoDB in the 4th quarter valued at $3,515,000. HighTower Advisors LLC lifted its position in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after purchasing an additional 372 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of MongoDB by 428.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Covea Finance purchased a new position in MongoDB in the fourth quarter valued at $3,841,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Down 0.4 %

MongoDB stock opened at $172.22 on Wednesday. The stock has a 50-day moving average price of $181.04 and a 200 day moving average price of $243.57. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The stock has a market cap of $13.98 billion, a PE ratio of -62.85 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 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analysts' expectations 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 last year, the firm earned $0.86 earnings per share. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Barclays lowered their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Mizuho cut their price objective on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Eight 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $294.78.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. This represents a 7.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,345 shares of company stock valued at $7,687,310. 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.

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