Vinva Investment Management Ltd purchased a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,797 shares of the company’s stock, valued at approximately $420,000.

Other institutional investors also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of MongoDB in the 4th quarter worth $606,000. Geode Capital Management LLC increased its stake in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after buying an additional 7,575 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in MongoDB during the fourth quarter valued at about $3,515,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of MongoDB by 428.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock worth $1,340,000 after buying an additional 4,665 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the sale, the chief financial officer now directly owns 79,062 shares in the company, valued at $18,507,623.58. This trade represents a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDB. Truist Financial reduced their price target on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Scotiabank reaffirmed a “sector perform” rating and issued a $240.00 target price (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Morgan Stanley decreased their price objective on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.70.

Read Our Latest Research Report on MDB

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $3.24 during midday trading on Friday, reaching $192.54. The company’s stock had a trading volume of 2,184,849 shares, compared to its average volume of 1,701,319. The business’s fifty day simple moving average is $250.97 and its 200-day simple moving average is $269.55. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The company has a market capitalization of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.

Further Reading

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.