MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,774 shares of the company's stock after selling 4,443 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of MongoDB worth $18,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. increased its holdings in MongoDB by 2,134.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 33,332 shares of the company's stock valued at $11,528,000 after purchasing an additional 31,840 shares during the period. Xponance Inc. raised its holdings in shares of MongoDB by 2.0% during the third quarter. Xponance Inc. now owns 9,405 shares of the company's stock valued at $3,253,000 after acquiring an additional 187 shares in the last quarter. Raymond James & Associates lifted its stake in MongoDB by 34.8% in the third quarter. Raymond James & Associates now owns 53,047 shares of the company's stock worth $18,347,000 after acquiring an additional 13,686 shares during the period. AtonRa Partners bought a new stake in MongoDB in the third quarter valued at $237,000. Finally, Zweig DiMenna Associates LLC increased its position in MongoDB by 112.7% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 14,250 shares of the company's stock valued at $4,929,000 after purchasing an additional 7,550 shares during the period. Institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the sale, the chief financial officer now owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 6,000 shares of the company's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares of the company's stock, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,802 shares of company stock worth $24,771,151. Company insiders own 4.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp dropped their target price on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Tigress Financial raised their target price on MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Truist Financial increased their price objective on MongoDB from $440.00 to $500.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. DA Davidson upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and boosted their target price for the company from $405.00 to $430.00 in a report on Friday, March 8th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $443.86.

MongoDB Stock Performance

Shares of MDB stock traded down $0.32 during mid-day trading on Friday, reaching $362.85. 926,558 shares of the company's stock traded hands, compared to its average volume of 1,366,722. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market capitalization of $26.43 billion, a PE ratio of -146.44 and a beta of 1.19. MongoDB, Inc. has a 12 month low of $226.10 and a 12 month high of $509.62. The firm has a 50 day moving average price of $373.33 and a two-hundred day moving average price of $390.92.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (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 the consensus estimate of $431.99 million. On average, research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.

About MongoDB

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.