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Nomura Asset Management Co. Ltd. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,227 shares of the company’s stock after purchasing an additional 2,942 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in MongoDB were worth $8,679,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in MDB. Raymond James & Associates raised its position in shares of MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock worth $24,759,000 after purchasing an additional 7,510 shares during the period. Nordea Investment Management AB boosted its holdings in shares of MongoDB by 298.2% during the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after acquiring an additional 13,972 shares during the period. Assenagon Asset Management S.A. grew its position in shares of MongoDB by 1,196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after acquiring an additional 26,961 shares during the last quarter. Realta Investment Advisors acquired a new stake in shares of MongoDB in the 4th quarter worth about $212,000. Finally, Blueshift Asset Management LLC bought a new stake in MongoDB in the 3rd quarter valued at about $902,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on MDB shares. KeyCorp cut their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Guggenheim increased their target price on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Citigroup boosted their price target on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Truist Financial increased their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $444.57.
View Our Latest Analysis on MDB
Insider Buying and Selling at MongoDB
In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the sale, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares in the company, valued at $190,179,486.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is currently owned by corporate insiders.
MongoDB Price Performance
Shares of MDB stock traded down $0.87 during trading hours on Wednesday, hitting $334.99. The company had a trading volume of 682,889 shares, compared to its average volume of 1,295,333. MongoDB, Inc. has a 12 month low of $275.76 and a 12 month high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The firm’s fifty day moving average is $357.21 and its 200 day moving average is $392.74. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of -135.43 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company 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 EPS for the current fiscal year.
About MongoDB
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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