MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Glynn Capital Management LLC

Glynn Capital Management LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,880 shares of the company’s stock after acquiring an additional 1,271 shares during the period. MongoDB makes up 4.7% of Glynn Capital Management LLC’s portfolio, making the stock its 10th largest holding. Glynn Capital Management LLC’s holdings in MongoDB were worth $19,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank grew its position in MongoDB by 47.2% in 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. acquired a new stake in MongoDB during the fourth quarter worth about $35,000. Brooklyn Investment Group acquired a new stake in MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc raised 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 acquiring an additional 165 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 2,581 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $50,866,352.46. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Down 2.3 %

MDB stock opened at $188.68 on Wednesday. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The company has a market cap of $14.05 billion, a P/E ratio of -68.86 and a beta of 1.30. The business has a fifty day moving average of $254.38 and a 200-day moving average of $271.46.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 firm had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.86 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MDB. The Goldman Sachs Group lowered their price objective on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Piper Sandler lowered their price target on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Macquarie reduced their price objective 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. Wells Fargo & Company lowered shares of 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 report on Thursday, March 6th. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

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.