Polymer Capital Management HK LTD bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,937 shares of the company’s stock, valued at approximately $917,000.

Several other institutional investors also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new position in MongoDB during the fourth quarter worth $97,000. Ilmarinen Mutual Pension Insurance Co boosted its position in shares of MongoDB by 75.0% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 35,000 shares of the company’s stock worth $8,148,000 after buying an additional 15,000 shares in the last quarter. Russell Investments Group Ltd. grew its stake in MongoDB by 7.5% in the 4th quarter. Russell Investments Group Ltd. now owns 52,804 shares of the company’s stock valued at $12,303,000 after acquiring an additional 3,688 shares during the last quarter. Wedbush Securities Inc. increased its holdings in MongoDB by 4.4% during the 4th quarter. Wedbush Securities Inc. now owns 2,945 shares of the company’s stock valued at $686,000 after acquiring an additional 125 shares in the last quarter. Finally, Aviva PLC raised its position in MongoDB by 68.1% during the fourth quarter. Aviva PLC now owns 44,405 shares of the company’s stock worth $10,338,000 after acquiring an additional 17,992 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MDB. Needham & Company LLC dropped their price objective on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Morgan Stanley lowered their target price on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Oppenheimer reduced their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reduced their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $312.84.

View Our Latest Stock Report on MDB

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the sale, the director now directly owns 85,652 shares of the company’s stock, valued at $20,785,170.84. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock valued at $13,461,875 over the last three months. Company insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $25.49 during trading on Wednesday, reaching $171.34. 3,611,865 shares of the company’s stock traded hands, compared to its average volume of 1,790,746. The stock has a market capitalization of $13.91 billion, a P/E ratio of -62.53 and a beta of 1.49. The company has a 50 day moving average of $228.92 and a 200-day moving average of $259.09. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) 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 business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the company earned $0.86 earnings per share. Equities research analysts predict 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.

Featured Stories

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

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.