Zevenbergen Capital Investments LLC Decreases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Zevenbergen Capital Investments LLC decreased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,730 shares of the company’s stock after selling 2,355 shares during the period. Zevenbergen Capital Investments LLC owned about 0.10% of MongoDB worth $18,096,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hilltop National Bank boosted its stake in shares of 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. NCP Inc. bought a new position in MongoDB in the fourth quarter valued at about $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB during the 3rd quarter valued at about $36,000. Continuum Advisory LLC increased its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the sale, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $58,121,799.12. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 885 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value 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. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on MDB shares. Macquarie reduced their target price on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Loop Capital reduced their price objective on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Citigroup reiterated a “buy” rating on shares of MongoDB in a research report on Thursday, March 6th. Truist Financial reduced their price target on MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, DA Davidson raised their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $320.70.

MongoDB Stock Up 1.7 %

Shares of MDB opened at $192.54 on Monday. The business has a fifty day moving average of $250.97 and a 200 day moving average of $269.40. The company has a market cap of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, research analysts anticipate 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.