Zevenbergen Capital Investments LLC Reduces Position in MongoDB, Inc. (NASDAQ:MDB)

Zevenbergen Capital Investments LLC lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,383 shares of the company's stock after selling 2,415 shares during the quarter. Zevenbergen Capital Investments LLC owned about 0.15% of MongoDB worth $44,312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its stake in MongoDB by 3.3% in the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company's stock worth $1,576,876,000 after purchasing an additional 122,893 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of MongoDB during the third quarter valued at $37,482,000. Federated Hermes Inc. lifted its stake in MongoDB by 314.8% in the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company's stock worth $46,587,000 after acquiring an additional 102,225 shares during the period. International Assets Investment Management LLC grew its holdings in MongoDB by 31,796.1% during the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company's stock worth $36,775,000 after acquiring an additional 89,665 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in MongoDB during the 3rd quarter worth about $30,877,000. Institutional investors own 89.29% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MDB. KeyCorp reduced their price objective on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus restated a "buy" rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. JMP Securities restated a "market outperform" rating and set a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. Tigress Financial upped their price target on shares of MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Finally, DA Davidson raised shares of MongoDB from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $444.57.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company's stock, valued at approximately $6,043,363.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The shares were 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 in the company, valued at approximately $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the sale, the director now owns 523,896 shares in the company, valued at approximately $190,179,486.96. The disclosure for this sale can be found here. Insiders sold a total of 46,802 shares of company stock worth $16,514,071 in the last three months. 4.80% of the stock is owned by corporate insiders.

MongoDB Price Performance

Shares of MDB traded up $0.88 during trading hours on Friday, hitting $370.82. 668,142 shares of the stock were exchanged, compared to its average volume of 1,100,048. The stock's 50-day moving average price is $358.37 and its two-hundred day moving average price is $392.04. MongoDB, Inc. has a 12-month low of $267.68 and a 12-month high of $509.62. 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 company has a market cap of $27.01 billion, a price-to-earnings ratio of -149.52 and a beta of 1.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share 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 during the quarter, compared to analysts' expectations of $431.99 million. Research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

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.