Bokf Na Sells 1,465 Shares of MongoDB, Inc. (NASDAQ:MDB)

BOKF NA cut its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,422 shares of the company's stock after selling 1,465 shares during the quarter. BOKF NA's holdings in MongoDB were worth $1,084,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after buying an additional 23,942 shares during the period. Franklin Resources Inc. increased its stake in MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after buying an additional 181,962 shares during the period. Geode Capital Management LLC increased its stake in MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after buying an additional 22,106 shares during the period. First Trust Advisors LP increased its stake in MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after buying an additional 95,893 shares during the period. Finally, Norges Bank acquired a new position in MongoDB during the 4th quarter valued at about $189,584,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

Shares of MDB stock traded down $0.72 during trading on Friday, hitting $178.54. 1,598,686 shares of the company were exchanged, compared to its average volume of 1,865,585. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of -65.16 and a beta of 1.49. The business's 50-day simple moving average is $176.07 and its 200 day simple moving average is $241.73. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company 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 prior year, the business posted $0.86 earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CFO Srdjan Tanjga sold 525 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. The trade was a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares of the company's stock, valued at $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,423 shares of company stock worth $7,429,989 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MDB has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities reissued a "buy" rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Barclays lowered 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. Finally, Truist Financial lowered their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Eight 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 stock. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average target price of $294.78.

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.