Schonfeld Strategic Advisors LLC Has $5.95 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Schonfeld Strategic Advisors LLC trimmed its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,556 shares of the company's stock after selling 6,018 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in MongoDB were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB during the 4th quarter worth $29,000. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. bought a new stake in MongoDB during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its holdings in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB in the 3rd quarter worth approximately $44,000. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company downgraded shares of MongoDB from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Loop Capital decreased their price target on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Scotiabank reaffirmed a "sector perform" rating and set a $160.00 price objective (down previously from $240.00) on shares of MongoDB in a research report on Friday, April 25th. Wedbush decreased their target price on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $294.78.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,345 shares of company stock valued at $8,485,310. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

Shares of MongoDB stock opened at $172.19 on Friday. The firm has a 50 day simple moving average of $186.51 and a 200 day simple moving average of $245.99. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $380.94. The firm has a market cap of $13.98 billion, a P/E ratio of -62.84 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) 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 business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the business posted $0.86 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.