GF Fund Management CO. LTD. purchased a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,000 shares of the company’s stock, valued at approximately $3,259,000.

Other large investors have also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the fourth quarter worth about $606,000. Union Bancaire Privee UBP SA purchased a new position in shares of MongoDB in the 4th quarter worth approximately $3,515,000. HighTower Advisors LLC raised its stake in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock worth $4,371,000 after acquiring an additional 372 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in MongoDB by 428.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after acquiring an additional 4,665 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in MongoDB by 68.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company’s stock valued at $237,000 after acquiring an additional 413 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Price Performance

MDB opened at $185.85 on Friday. The firm has a fifty day moving average price of $174.70 and a 200 day moving average price of $235.98. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a market cap of $15.09 billion, a P/E ratio of -67.83 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the previous year, the firm posted $0.86 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, insider Cedric Pech sold 1,690 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares of the company’s stock, valued at $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the sale, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at $46,597,930.48. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,538 shares of company stock valued at $6,889,905. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MDB shares. The Goldman Sachs Group reduced their price target on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Canaccord Genuity Group reduced their target price on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Loop Capital downgraded MongoDB from a “buy” rating to a “hold” rating and lowered their price target for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on shares of MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price objective on the stock. Finally, Truist Financial decreased their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $288.91.

Check Out Our Latest 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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