Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6,108.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,042 shares of the company’s stock after buying an additional 2,993 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in MongoDB were worth $534,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in MongoDB in the 4th quarter valued at $189,584,000. Marshall Wace LLP bought a new stake in shares of MongoDB in the fourth quarter valued at about $110,356,000. Raymond James Financial Inc. acquired a new position in shares of MongoDB during the fourth quarter worth about $90,478,000. D1 Capital Partners L.P. bought a new position in shares of MongoDB during the fourth quarter worth about $76,129,000. Finally, Amundi grew its holdings in shares of MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MDB shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Redburn Atlantic raised shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 target price for the company in a research report on Thursday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of MongoDB in a research note on Thursday, June 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $270.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.47.

Read Our Latest Stock Analysis on MongoDB

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 25,005 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the completion of the sale, the chief executive officer owned 256,974 shares of the company’s stock, valued at approximately $60,131,916. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,999 shares of company stock worth $6,728,127 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

MongoDB Trading Up 3.2%

NASDAQ:MDB opened at $211.05 on Friday. The stock has a 50 day simple moving average of $195.41 and a 200 day simple moving average of $215.34. The stock has a market cap of $17.24 billion, a P/E ratio of -185.13 and a beta of 1.41. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same quarter last year, the firm earned $0.51 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Company 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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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.

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