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Lansforsakringar Fondforvaltning AB publ bought a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,778 shares of the company’s stock, valued at approximately $5,769,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Centaurus Financial Inc. raised its stake in MongoDB by 19.0% during the fourth quarter. Centaurus Financial Inc. now owns 2,499 shares of the company’s stock worth $582,000 after acquiring an additional 399 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in MongoDB during the fourth quarter worth $13,270,000. Azzad Asset Management Inc. ADV raised its stake in MongoDB by 17.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 7,519 shares of the company’s stock worth $1,750,000 after acquiring an additional 1,132 shares in the last quarter. Infinitum Asset Management LLC acquired a new position in MongoDB during the fourth quarter worth $8,148,000. Finally, Polar Asset Management Partners Inc. acquired a new position in MongoDB during the fourth quarter worth $14,458,000. 89.29% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MDB has been the subject of several recent analyst reports. Oppenheimer dropped their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Barclays dropped their price objective on MongoDB from $280.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. Daiwa America upgraded MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Needham & Company LLC dropped their price objective on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Robert W. Baird lowered their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $286.88.
Check Out Our Latest Research Report on MongoDB
MongoDB Stock Performance
MDB traded down $2.24 during midday trading on Friday, reaching $187.12. 2,627,437 shares of the company were exchanged, compared to its average volume of 1,927,996. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock has a market capitalization of $15.19 billion, a P/E ratio of -68.29 and a beta of 1.49. The stock’s 50-day simple moving average is $174.36 and its 200 day simple moving average is $233.50.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results 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 company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the business posted $0.86 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.
Insiders Place Their Bets
In other MongoDB news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,203 shares of company stock worth $4,660,459. Company insiders own 3.60% of the company’s stock.
About MongoDB
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.
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