Federated Hermes Inc. Sells 26,170 Shares of MongoDB, Inc. (NASDAQ:MDB)

Federated Hermes Inc. reduced its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 19.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 108,528 shares of the company's stock after selling 26,170 shares during the period. Federated Hermes Inc. owned 0.15% of MongoDB worth $44,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDB. Jennison Associates LLC increased its stake in shares of MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company's stock valued at $1,291,429,000 after buying an additional 1,745,231 shares during the period. 1832 Asset Management L.P. grew its stake in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company's stock worth $200,383,000 after purchasing an additional 1,017,969 shares during the period. Norges Bank acquired a new stake in shares of MongoDB during the fourth quarter worth $147,735,000. T. Rowe Price Investment Management Inc. grew its stake in shares of MongoDB by 77.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company's stock worth $111,964,000 after purchasing an additional 248,133 shares during the period. Finally, Dorsal Capital Management LLC grew its stake in shares of MongoDB by 100.0% during the fourth quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company's stock worth $78,736,000 after purchasing an additional 200,000 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares of the company's stock, valued at $222,136,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company's stock, valued at $222,136,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the firm'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 completion of the sale, the director now directly owns 1,156,784 shares of the company's stock, valued at $394,602,158.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,802 shares of company stock valued at $36,356,911. Insiders own 4.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Redburn Atlantic reaffirmed a "sell" rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Guggenheim lifted their price objective on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research note on Monday, March 4th. DA Davidson raised MongoDB from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus price target of $444.93.

MongoDB Stock Down 2.4 %

Shares of NASDAQ:MDB traded down $8.08 during mid-day trading on Friday, reaching $327.47. 1,353,402 shares of the stock were exchanged, compared to its average volume of 1,059,599. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market cap of $23.85 billion, a P/E ratio of -132.04 and a beta of 1.19. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62. The stock's 50 day simple moving average is $390.81 and its 200-day simple moving average is $390.32.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results 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 net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, equities research analysts predict that MongoDB, Inc. will post -2.53 EPS for the current 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.