Schonfeld Strategic Advisors LLC Sells 6,018 Shares of MongoDB, Inc. (NASDAQ:MDB)

Schonfeld Strategic Advisors LLC cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,556 shares of the company's stock after selling 6,018 shares during the period. Schonfeld Strategic Advisors LLC's holdings in MongoDB were worth $5,950,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in MongoDB by 92.1% during the 4th quarter. AQR Capital Management LLC now owns 37,126 shares of the company's stock valued at $8,643,000 after purchasing an additional 17,802 shares in the last quarter. Lido Advisors LLC grew its holdings in MongoDB by 74.8% during the fourth quarter. Lido Advisors LLC now owns 1,208 shares of the company's stock worth $281,000 after acquiring an additional 517 shares during the period. Northern Trust Corp increased its holdings in MongoDB by 6.4% in the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company's stock valued at $108,957,000 after buying an additional 27,981 shares in the last quarter. Melqart Asset Management UK Ltd purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $9,512,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of MongoDB during the 4th quarter worth about $325,000. Institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. The trade was a 6.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 301 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,345 shares of company stock worth $7,687,310. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

MDB has been the subject of several analyst reports. Daiwa Capital Markets assumed coverage on MongoDB in a research report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective for the company. KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC lowered their price objective on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus price target of $294.78.

MongoDB Price Performance

MDB stock traded up $0.40 on Wednesday, hitting $172.62. 327,526 shares of the company were exchanged, compared to its average volume of 1,847,064. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of -62.94 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The business's fifty day moving average is $181.04 and its two-hundred day moving average is $243.57.

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). The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share 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.