Contour Asset Management LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,694 shares of the company’s stock after purchasing an additional 20,968 shares during the period. MongoDB makes up about 1.4% of Contour Asset Management LLC’s portfolio, making the stock its 21st largest holding. Contour Asset Management LLC owned approximately 0.28% of MongoDB worth $47,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of MongoDB in the fourth quarter valued at approximately $606,000. Union Bancaire Privee UBP SA acquired a new position in MongoDB in the 4th quarter valued at $3,515,000. HighTower Advisors LLC lifted its position in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after acquiring an additional 372 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock worth $1,340,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Covea Finance bought a new position in shares of MongoDB in the fourth quarter worth $3,841,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent analyst reports. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Macquarie cut their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Oppenheimer lowered their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Wedbush reduced their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.78.

Get Our Latest Stock Analysis on MongoDB

MongoDB Stock Performance

MongoDB stock opened at $172.22 on Wednesday. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of -62.85 and a beta of 1.49. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The firm has a 50 day moving average price of $181.04 and a two-hundred day moving average price of $243.57.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter last year, the company earned $0.86 earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated 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 transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 922 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $279.09, for a total value of $257,320.98. Following the completion of the sale, the director now owns 84,730 shares of the company’s stock, valued at approximately $23,647,295.70. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,345 shares of company stock worth $7,687,310 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

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.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Enter your email address and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.