Gilder Gagnon Howe & Co. LLC Cuts Holdings in MongoDB, Inc. (NASDAQ:MDB)

Gilder Gagnon Howe & Co. LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,573 shares of the company's stock after selling 4,810 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.49% of MongoDB worth $84,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB in the fourth quarter valued at approximately $606,000. Union Bancaire Privee UBP SA purchased a new stake in shares of MongoDB during the 4th quarter valued at $3,515,000. HighTower Advisors LLC raised its stake 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 period. Nisa Investment Advisors LLC boosted its holdings in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after buying an additional 4,665 shares during the last quarter. Finally, Covea Finance bought a new position in MongoDB during the fourth quarter valued at about $3,841,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. The trade was a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total value of $2,229,445.80. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $58,121,799.12. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,345 shares of company stock worth $8,485,310 over the last quarter. Corporate insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDB shares. Royal Bank of Canada decreased their price target on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus cut their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Macquarie lowered their price target on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Daiwa Capital Markets began coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective for the company. Finally, Mizuho lowered their target price 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. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $294.78.

MongoDB Stock Up 1.3 %

Shares of MongoDB stock traded up $2.26 on Thursday, hitting $174.43. The stock had a trading volume of 1,085,687 shares, compared to its average volume of 1,841,323. The stock's 50-day simple moving average is $188.41 and its two-hundred day simple moving average is $246.79. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of -63.66 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 the consensus estimate 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 firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the company posted $0.86 earnings per share. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.