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Daiwa Securities Group Inc. grew its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 40.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,019 shares of the company’s stock after acquiring an additional 2,295 shares during the period. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $3,279,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after buying an additional 121,201 shares in the last quarter. Jennison Associates LLC lifted its holdings in MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after buying an additional 1,745,231 shares in the last quarter. State Street Corp lifted its holdings in MongoDB by 1.8% in the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after buying an additional 24,595 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in MongoDB by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 967,289 shares of the company’s stock worth $225,174,000 after buying an additional 35,541 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now directly owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the sale, the executive now directly owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The disclosure for this sale can be found here. In the last three months, insiders sold 92,802 shares of company stock valued at $36,356,911. Company insiders own 4.80% of the company’s stock.
MongoDB Price Performance
Shares of NASDAQ:MDB traded down $8.08 during trading on Friday, reaching $327.47. The company had a trading volume of 1,353,402 shares, compared to its average volume of 1,059,599. The firm’s fifty day moving average is $390.81 and its 200 day moving average is $390.70. The firm has a market capitalization of $23.85 billion, a PE ratio of -132.04 and a beta of 1.19. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, equities analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have commented on MDB. Stifel Nicolaus reiterated a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. KeyCorp dropped their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. JMP Securities reissued a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $465.00 target price on shares of MongoDB in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $444.93.
Read Our Latest Stock Report on MDB
MongoDB 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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