Resona Asset Management Co. Ltd. purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,845 shares of the company’s stock, valued at approximately $4,866,000.

Several other institutional investors also recently bought and sold shares of MDB. Hilltop National Bank increased its holdings in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at $35,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc lifted its holdings in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB in the third quarter worth approximately $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Trading Down 1.0 %

Shares of NASDAQ MDB opened at $145.85 on Wednesday. The stock has a market cap 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 of $228.92 and a two-hundred day moving average of $259.09. MongoDB, Inc. has a twelve month low of $140.78 and a twelve 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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were 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. Over the last 90 days, insiders have sold 58,060 shares of company stock valued at $13,461,875. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Truist Financial cut their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Oppenheimer reduced their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Tigress Financial raised their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, China Renaissance initiated coverage on MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

View Our Latest Report on MongoDB

About MongoDB

(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.

See Also

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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