Sterling Capital Management LLC Sells 20,453 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sterling Capital Management LLC lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 70.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,768 shares of the company's stock after selling 20,453 shares during the quarter. Sterling Capital Management LLC's holdings in MongoDB were worth $2,041,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilltop National Bank boosted its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the period. NCP Inc. purchased a new stake in MongoDB during the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB during the third quarter worth about $44,000. Finally, Morse Asset Management Inc purchased a new stake in shares of MongoDB during the third quarter worth approximately $81,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MDB shares. Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Loop Capital reduced their price objective on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Citigroup cut their target price on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price for the company in a report on Thursday. Eight equities 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 stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $299.78.

MongoDB Price Performance

Shares of MongoDB stock traded down $0.78 on Friday, hitting $159.26. The company had a trading volume of 1,549,284 shares, compared to its average volume of 1,813,015. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19. The company has a market cap of $12.93 billion, a PE ratio of -58.12 and a beta of 1.49. The business has a 50-day simple moving average of $208.15 and a 200-day simple moving average of $252.43.

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

Insider Buying and Selling at MongoDB

In other MongoDB news, 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 value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,680 shares of company stock valued at $11,084,027 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

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.