Yarbrough Capital LLC Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Yarbrough Capital LLC lessened its position in MongoDB, Inc. (NASDAQ:MDB) by 62.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,125 shares of the company’s stock after selling 1,852 shares during the quarter. Yarbrough Capital LLC’s holdings in MongoDB were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in shares of MongoDB in the 3rd quarter worth approximately $1,045,000. Geode Capital Management LLC raised its stake in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after buying an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MongoDB in the third quarter worth $4,366,000. Charles Schwab Investment Management Inc. boosted its stake in MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of MongoDB during the second quarter valued at approximately $1,860,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Rosenblatt Securities initiated coverage on shares of MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective on the stock. The Goldman Sachs Group raised their target price on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays reduced their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, January 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $364.64.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $247.96 on Friday. The firm has a 50 day moving average of $278.98 and a 200 day moving average of $269.17. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Equities research analysts predict that MongoDB, Inc. will post -1.79 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 in the company, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,821 shares of company stock valued at $6,831,215 in the last 90 days. Insiders own 3.60% of the company’s stock.

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.