Investment Management Corp of Ontario boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 63.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,919 shares of the company’s stock after acquiring an additional 1,528 shares during the quarter. Investment Management Corp of Ontario’s holdings in MongoDB were worth $912,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $29,000. NCP Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $35,000. Coppell Advisory Solutions LLC increased its position in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after purchasing an additional 182 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after purchasing an additional 134 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of MongoDB by 57.4% during the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after purchasing an additional 140 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDB has been the subject of several research reports. Piper Sandler dropped their price target on MongoDB from $280.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC dropped their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Truist Financial dropped their target price on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Daiwa America upgraded MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $294.78.

View Our Latest Analysis on MongoDB

MongoDB Price Performance

Shares of NASDAQ MDB opened at $191.61 on Tuesday. The stock’s 50-day moving average is $174.62 and its two-hundred day moving average is $241.04. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06. The company has a market cap of $15.56 billion, a price-to-earnings ratio of -69.93 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the company earned $0.86 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This represents a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,423 shares of company stock worth $7,148,369. 3.60% of the stock is currently owned by insiders.

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.

See Also

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