MongoDB, Inc. (NASDAQ:MDB) Holdings Lifted by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 47.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,879 shares of the company's stock after buying an additional 8,611 shares during the period. Pinebridge Investments L.P.'s holdings in MongoDB were worth $6,258,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MDB. OneDigital Investment Advisors LLC lifted its stake in shares of MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock valued at $243,000 after buying an additional 39 shares during the period. Hilltop National Bank boosted its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares during the last quarter. Avestar Capital LLC boosted its position in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after acquiring an additional 42 shares during the last quarter. Aigen Investment Management LP raised its stake in MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after purchasing an additional 55 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after buying an additional 66 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $3.59 during mid-day trading on Wednesday, reaching $171.10. 345,419 shares of the company traded hands, compared to its average volume of 1,836,837. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The firm has a market cap of $13.89 billion, a PE ratio of -62.45 and a beta of 1.49. The stock has a fifty day simple moving average of $190.43 and a 200-day simple moving average of $247.31.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the business earned $0.86 EPS. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MDB shares. Oppenheimer reduced their price objective on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Rosenblatt Securities reissued a "buy" rating and set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Finally, Robert W. Baird lowered their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $294.78.

Insider Activity at MongoDB

In related news, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,345 shares of company stock valued at $8,485,310 over the last ninety days. Insiders own 3.60% of the company's stock.

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.