Primecap Management Co. CA Sells 7,200 Shares of MongoDB, Inc. (NASDAQ:MDB)

Primecap Management Co. CA trimmed its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,700 shares of the company’s stock after selling 7,200 shares during the period. Primecap Management Co. CA’s holdings in MongoDB were worth $26,044,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. AM Squared Ltd acquired a new position in MongoDB during the 3rd quarter worth about $35,000. Huntington National Bank grew its holdings in MongoDB by 279.3% during the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after acquiring an additional 81 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in MongoDB by 38.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after acquiring an additional 36 shares during the last quarter. Finally, Beacon Capital Management LLC increased its position in MongoDB by 1,111.1% in the 4th quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other MongoDB news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $363.01, for a total transaction of $363,010.00. Following the sale, the director now owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,802 shares of company stock worth $16,514,071. Insiders own 3.60% of the company’s stock.

MongoDB Stock Down 1.5 %

Shares of NASDAQ MDB traded down $5.44 during trading hours on Friday, hitting $349.74. The company had a trading volume of 1,336,915 shares, compared to its average volume of 958,648. MongoDB, Inc. has a 1-year low of $273.00 and a 1-year high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm’s 50 day moving average is $357.70 and its 200-day moving average is $392.98.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MDB. Tigress Financial lifted their price objective on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Truist Financial lifted their target price on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday, May 3rd. KeyCorp cut their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Finally, Bank of America decreased their price objective on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $444.57.

View Our Latest Analysis on MDB

MongoDB Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.