Los Angeles Capital Management LLC Has $5.39 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Los Angeles Capital Management LLC lessened its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,184 shares of the company's stock after selling 20,361 shares during the quarter. Los Angeles Capital Management LLC's holdings in MongoDB were worth $5,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of MongoDB by 34.8% during the 3rd quarter. Raymond James & Associates now owns 53,047 shares of the company's stock worth $18,347,000 after purchasing an additional 13,686 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MongoDB by 3.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,014 shares of the company's stock worth $10,381,000 after purchasing an additional 1,087 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $30,000. Mackenzie Financial Corp grew its stake in shares of MongoDB by 19.9% during the 3rd quarter. Mackenzie Financial Corp now owns 4,966 shares of the company's stock worth $1,647,000 after purchasing an additional 824 shares during the period. Finally, Castleview Partners LLC acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Redburn Atlantic restated a "sell" rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. JMP Securities reissued a "market outperform" rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Finally, Guggenheim boosted their price objective on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $443.86.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Thomas Bull sold 170 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company's stock, valued at $6,043,363.20. The sale 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 on Wednesday, April 3rd. The stock was 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 approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold 58,802 shares of company stock worth $22,143,211 in the last three months. 4.80% of the stock is currently owned by insiders.

MongoDB Stock Performance

NASDAQ:MDB traded up $2.82 during trading hours on Monday, reaching $365.67. 974,583 shares of the stock were exchanged, compared to its average volume of 1,362,222. 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 firm has a 50 day simple moving average of $371.56 and a 200-day simple moving average of $391.28. MongoDB, Inc. has a 52 week low of $238.99 and a 52 week high of $509.62. The stock has a market capitalization of $26.63 billion, a P/E ratio of -146.31 and a beta of 1.19.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, sell-side 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.