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Alyeska Investment Group L.P. acquired a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 105,808 shares of the company’s stock, valued at approximately $24,633,000. Alyeska Investment Group L.P. owned 0.14% of MongoDB at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Vanguard Group Inc. boosted its stake in shares of MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. boosted its position in MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after acquiring an additional 181,962 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after acquiring an additional 22,106 shares during the period. First Trust Advisors LP raised its position in shares of MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock worth $199,031,000 after acquiring an additional 95,893 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of MongoDB during the 4th quarter worth $189,584,000. 89.29% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
MDB has been the subject of a number of analyst reports. Macquarie decreased their target price on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Piper Sandler dropped their price objective on MongoDB from $280.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird cut their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Scotiabank reissued a “sector perform” rating and issued a $160.00 price target (down previously from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Finally, Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.78.
Get Our Latest Stock Analysis on MongoDB
MongoDB Stock Up 1.2 %
MDB stock traded up $2.11 during mid-day trading on Wednesday, hitting $174.33. 1,216,149 shares of the company were exchanged, compared to its average volume of 1,852,064. The business has a fifty day simple moving average of $181.04 and a 200-day simple moving average of $243.57. The firm has a market capitalization of $14.15 billion, a P/E ratio of -63.62 and a beta of 1.49. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $379.06.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the business posted $0.86 EPS. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
Insider Buying and Selling
In related news, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $58,121,799.12. This represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the sale, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,345 shares of company stock valued at $7,687,310. Corporate insiders own 3.60% of the company’s stock.
MongoDB Company Profile
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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