MongoDB, Inc. (NASDAQ:MDB) Stock Position Lessened by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 96.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,019 shares of the company’s stock after selling 12,794,369 shares during the quarter. Voya Investment Management LLC owned about 0.64% of MongoDB worth $110,356,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of MongoDB during the 4th quarter worth about $189,584,000. Marshall Wace LLP acquired a new stake in MongoDB in the fourth quarter worth approximately $110,356,000. Raymond James Financial Inc. bought a new position in MongoDB during the 4th quarter valued at $90,478,000. D1 Capital Partners L.P. acquired a new position in shares of MongoDB during the 4th quarter valued at $76,129,000. Finally, Amundi raised its stake in shares of MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several research reports. Mizuho decreased their target price on MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group lowered their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. China Renaissance assumed coverage on shares of MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Finally, Wedbush cut their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $297.28.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction 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 approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following 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 disclosure for this sale can be found here. Over the last three months, insiders sold 47,680 shares of company stock worth $10,819,027. 3.60% of the stock is owned by insiders.

MongoDB Stock Up 6.5 %

Shares of MDB opened at $173.21 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19. The company’s fifty day moving average is $197.65 and its 200-day moving average is $249.73. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of -63.22 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 EPS 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 analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.