MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Nicholas Investment Partners LP

Nicholas Investment Partners LP lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 99.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,373 shares of the company's stock after selling 1,691,627 shares during the quarter. Nicholas Investment Partners LP's holdings in MongoDB were worth $1,949,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the 4th quarter valued at about $29,000. NCP Inc. bought a new position in MongoDB during the fourth quarter valued at about $35,000. Coppell Advisory Solutions LLC lifted its holdings in MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after purchasing an additional 182 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after acquiring an additional 134 shares during the period. Finally, Manchester Capital Management LLC grew its position in MongoDB by 57.4% in the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after acquiring an additional 140 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,423 shares of company stock worth $7,148,369. Corporate insiders own 3.60% of the company's stock.

MongoDB Price Performance

MDB stock traded down $0.77 during mid-day trading on Monday, reaching $190.52. The company had a trading volume of 538,861 shares, compared to its average volume of 1,909,048. The company has a market capitalization of $15.47 billion, a PE ratio of -69.66 and a beta of 1.49. The firm has a 50 day moving average of $174.91 and a 200 day moving average of $238.95. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its 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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate 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 company earned $0.86 earnings per share. Analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating and set a $160.00 price objective (down from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Bank of America lowered their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus lowered their price objective on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, April 11th. China Renaissance initiated coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price objective for the company. Finally, Piper Sandler lowered their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $293.91.

MongoDB 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.