Bokf Na Lowers Stake in MongoDB, Inc. (NASDAQ:MDB)

Bokf Na decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,422 shares of the company’s stock after selling 1,465 shares during the quarter. Bokf Na’s holdings in MongoDB were worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Franklin Resources Inc. grew its holdings in MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after buying an additional 181,962 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after acquiring an additional 22,106 shares during the period. First Trust Advisors LP boosted its position in shares of MongoDB by 12.6% in the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock worth $199,031,000 after acquiring an additional 95,893 shares during the last quarter. Finally, Norges Bank purchased a new stake in MongoDB in the fourth quarter valued at approximately $189,584,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 301 shares of the company’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 value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This represents a 7.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,423 shares of company stock valued at $7,429,989 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDB. Truist Financial dropped their price objective on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Daiwa America raised MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Macquarie reduced their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Royal Bank of Canada cut their target price on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Eight 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.78.

MongoDB Stock Up 2.8 %

Shares of NASDAQ MDB opened at $179.26 on Friday. The firm’s 50-day moving average price is $177.59 and its two-hundred day moving average price is $242.46. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The stock has a market capitalization of $14.55 billion, a P/E ratio of -65.42 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during 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 last year, the business earned $0.86 EPS. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Company 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.