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Daiwa Securities Group Inc. increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 40.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,019 shares of the company’s stock after purchasing an additional 2,295 shares during the quarter. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $3,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates raised its stake in shares of MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after acquiring an additional 7,510 shares during the period. Nordea Investment Management AB lifted its stake in MongoDB by 298.2% during the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after purchasing an additional 13,972 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of MongoDB by 9.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock worth $658,000 after buying an additional 168 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after buying an additional 26,961 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of MongoDB in the 3rd quarter valued at $902,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Trading Down 2.4 %

NASDAQ:MDB opened at $327.47 on Friday. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62. The stock’s 50 day moving average price is $390.81 and its 200 day moving average price is $390.32. 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 posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, sell-side analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MDB. Stifel Nicolaus restated a “buy” rating and set a $435.00 target price on shares of MongoDB in a report on Thursday, March 14th. Tigress Financial lifted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Guggenheim increased their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a research note on Tuesday, April 9th. Finally, UBS Group reiterated a “neutral” rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $444.93.

Get Our Latest Stock Analysis on MongoDB

Insider Buying and Selling

In other news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction dated 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 $15,819,510.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was 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 owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Insiders sold a total of 92,802 shares of company stock worth $36,356,911 in the last 90 days. Company insiders own 4.80% of the company’s stock.

About MongoDB

(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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