Aviva PLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 68.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,405 shares of the company’s stock after buying an additional 17,992 shares during the quarter. Aviva PLC owned about 0.06% of MongoDB worth $10,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in shares of MongoDB by 19.0% in the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock valued at $391,000 after buying an additional 231 shares during the period. HighTower Advisors LLC lifted its holdings in MongoDB by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 18,401 shares of the company’s stock valued at $4,986,000 after acquiring an additional 1,065 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of MongoDB during the 3rd quarter valued at about $81,000. Weiss Asset Management LP acquired a new position in shares of MongoDB in the 3rd quarter worth approximately $217,000. Finally, National Bank of Canada FI raised its holdings in shares of MongoDB by 113.2% in the 3rd quarter. National Bank of Canada FI now owns 15,441 shares of the company’s stock worth $4,174,000 after purchasing an additional 8,198 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 1.0 %

Shares of MongoDB stock opened at $145.85 on Wednesday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The stock has a market capitalization of $11.84 billion, a P/E ratio of -53.23 and a beta of 1.49. The stock has a 50 day moving average price of $228.92 and a two-hundred day moving average price of $259.09.

MongoDB (NASDAQ:MDB – Get Free Report) last posted 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). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the previous year, the business posted $0.86 earnings per share. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Robert W. Baird decreased their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Mizuho boosted their target price on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Wedbush cut their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Piper Sandler decreased their target price on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.84.

View Our Latest Analysis on MongoDB

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,060 shares of company stock worth $13,461,875. Company insiders own 3.60% of the company’s stock.

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.

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