CIBC Asset Management Inc boosted its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 239.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,973 shares of the company’s stock after purchasing an additional 35,256 shares during the quarter. CIBC Asset Management Inc owned approximately 0.07% of MongoDB worth $11,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Hilltop National Bank boosted its position in shares of 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 acquiring an additional 42 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB during the 3rd quarter valued at about $36,000. Continuum Advisory LLC boosted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB during the 3rd quarter valued at about $44,000. Finally, Versant Capital Management Inc boosted its position in shares of MongoDB by 1,100.0% during the 4th 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 last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $281.62, for a total value of $281,620.00. Following the sale, the director now directly owns 1,112,006 shares of the company’s stock, valued at approximately $313,163,129.72. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,094 shares of company stock valued at $11,705,293. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $3.52 during mid-day trading on Wednesday, hitting $295.00. 1,056,658 shares of the stock traded hands, compared to its average volume of 1,502,277. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $459.78. The company has a market cap of $21.97 billion, a price-to-earnings ratio of -107.66 and a beta of 1.28. The stock has a fifty day moving average price of $261.45 and a 200-day moving average price of $272.51.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. Monness Crespi & Hardt downgraded MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Monday, December 16th. Morgan Stanley lifted their price target on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. KeyCorp raised their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Cantor Fitzgerald initiated coverage on MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

View Our Latest Stock Analysis on MDB

MongoDB 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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