From MarketBeat:



GAM Holding AG reduced their position in shares of MongoDB, Inc (NASDAQ:MDB) by 46.8% in the third quarter, selling 14,357 shares and leaving them with 16,339 shares worth $5,651,000. Other hedge funds and institutional investors also made changes to their positions in the company. MongoDB stock opened at $407.48 on Friday, with a market cap of $29.41 billion. The company achieved higher than expected quarterly earnings of $0.96 per share and an increase to 29.8% in revenue. Despite insider selling, analysts have given MongoDB a “Moderate Buy” rating and raised its target price. The company provides general purpose database platforms worldwide, with MongoDB Atlas as a flagship product. MarketBeat provides updates on top analysts’ recommendations and whisper stocks to buy.



Original: GAM Holding AG Trims Stock Position in MongoDB, Inc. (NASDAQ:MDB)