Allspring Global Investments Holdings LLC Sells 31,611 Shares of MongoDB, Inc. (NASDAQ:MDB)

Allspring Global Investments Holdings LLC decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,213 shares of the company's stock after selling 31,611 shares during the period. Allspring Global Investments Holdings LLC owned 0.74% of MongoDB worth $218,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company's stock valued at $24,759,000 after purchasing an additional 7,510 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of MongoDB by 298.2% in the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company's stock worth $7,735,000 after acquiring an additional 13,972 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of MongoDB by 9.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company's stock worth $658,000 after acquiring an additional 168 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company's stock worth $11,945,000 after acquiring an additional 26,961 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in MongoDB during the third quarter valued at $902,000. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

MDB has been the subject of several research analyst reports. Tigress Financial lifted their price objective on MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Needham & Company LLC restated a "buy" rating and set a $495.00 price target on shares of MongoDB in a research report on Wednesday, January 17th. Stifel Nicolaus restated a "buy" rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Truist Financial raised their price target on MongoDB from $440.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th. Finally, Guggenheim raised their price target on MongoDB from $250.00 to $272.00 and gave the company a "sell" rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $449.85.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 33,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company's stock, valued at $80,409,817.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Dwight A. Merriman sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at $394,602,158.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares in the company, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. Insiders have sold 92,050 shares of company stock valued at $36,126,111 over the last quarter. Corporate insiders own 4.80% of the company's stock.

MongoDB Stock Up 0.1 %

MDB stock traded up $0.50 during midday trading on Monday, hitting $363.32. The stock had a trading volume of 901,384 shares, compared to its average volume of 1,422,509. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business has a 50-day moving average of $407.84 and a two-hundred day moving average of $390.04. The firm has a market cap of $26.46 billion, a price-to-earnings ratio of -146.50 and a beta of 1.20. MongoDB, Inc. has a 52-week low of $198.72 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. As a group, equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share 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.

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