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Legal & General Group Plc reduced its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 24.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 415,651 shares of the company’s stock after selling 136,451 shares during the period. Legal & General Group Plc owned 0.56% of MongoDB worth $96,768,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in MongoDB by 19.0% in the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock valued at $391,000 after buying an additional 231 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of MongoDB in the third quarter worth $81,000. National Bank of Canada FI grew its position in shares of MongoDB by 113.2% in the third quarter. National Bank of Canada FI now owns 15,441 shares of the company’s stock valued at $4,174,000 after purchasing an additional 8,198 shares in the last quarter. XTX Topco Ltd raised its stake in shares of MongoDB by 28.3% during the 3rd quarter. XTX Topco Ltd now owns 2,350 shares of the company’s stock valued at $635,000 after purchasing an additional 518 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in MongoDB by 4.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,102 shares of the company’s stock worth $1,379,000 after purchasing an additional 215 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.
MongoDB Stock Performance
Shares of MongoDB stock opened at $162.24 on Friday. The company’s 50 day moving average price is $220.46 and its 200-day moving average price is $256.10. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $387.19. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of -59.21 and a beta of 1.49.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.86 earnings per share. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
MDB has been the topic of a number of recent analyst reports. Needham & Company LLC lowered their price target on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Daiwa America upgraded shares of MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Citigroup reduced their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Truist Financial lowered their price objective on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $310.74.
Insider Activity
In other news, 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 completion of the transaction, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now owns 83,845 shares in the company, valued at $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,060 shares of company stock valued at $13,461,875. Company insiders own 3.60% of the company’s stock.
MongoDB Company 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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