Champlain Investment Partners LLC Reduces Holdings in MongoDB, Inc. (NASDAQ:MDB)

Champlain Investment Partners LLC reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 822,384 shares of the company’s stock after selling 25,130 shares during the period. MongoDB makes up about 1.3% of Champlain Investment Partners LLC’s holdings, making the stock its 21st biggest holding. Champlain Investment Partners LLC owned approximately 1.11% of MongoDB worth $222,332,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MDB. Jennison Associates LLC increased its stake in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the last quarter. Swedbank AB grew its holdings in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Blair William & Co. IL raised its stake in shares of MongoDB by 16.4% in the 2nd quarter. Blair William & Co. IL now owns 315,830 shares of the company’s stock valued at $78,945,000 after purchasing an additional 44,608 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of MongoDB by 2.8% during the third 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 during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MDB shares. Oppenheimer lifted their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Mizuho lifted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Needham & Company LLC increased their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Bank of America increased their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $336.54.

MongoDB Stock Up 5.4 %

MDB opened at $332.50 on Friday. The business has a 50 day moving average price of $278.10 and a two-hundred day moving average price of $272.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter last year, the business posted ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the sale, the chief accounting officer now owns 16,068 shares in the company, valued at $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,319 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $285.92, for a total transaction of $377,128.48. Following the completion of the sale, the director now owns 87,744 shares of the company’s stock, valued at approximately $25,087,764.48. This trade represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,600 shares of company stock valued at $7,034,249 over the last ninety days. Insiders own 3.60% of the company’s stock.

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.