MongoDB, Inc. (NASDAQ:MDB) Shares Sold by Yarbrough Capital LLC

Yarbrough Capital LLC trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 62.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,125 shares of the company’s stock after selling 1,852 shares during the period. Yarbrough Capital LLC’s holdings in MongoDB were worth $262,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Hilltop National Bank grew its holdings in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Quarry LP lifted its stake in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the period. Brooklyn Investment Group purchased a new stake in MongoDB during the third quarter worth $36,000. GAMMA Investing LLC grew its position in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their target price on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Scotiabank boosted their price objective on MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Tigress Financial lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley increased their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada raised their price objective on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.64.

MongoDB Stock Performance

MongoDB stock opened at $247.96 on Friday. The stock’s fifty day moving average is $278.98 and its two-hundred day moving average is $269.17. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Insider Activity

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $21,510,229.95. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,821 shares of company stock valued at $6,831,215. 3.60% of the stock is currently owned by company insiders.

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.