Pinebridge Investments L.P. boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 47.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,879 shares of the company’s stock after buying an additional 8,611 shares during the period. Pinebridge Investments L.P.’s holdings in MongoDB were worth $6,258,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $29,000. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at $35,000. Versant Capital Management Inc grew its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB in the third quarter worth about $44,000. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the sale, the director now owns 1,113,006 shares of the company’s stock, valued at $296,059,596. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,680 shares of company stock valued at $10,819,027. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.2 %

Shares of MDB stock traded up $0.29 during trading hours on Friday, hitting $173.50. The company’s stock had a trading volume of 2,105,392 shares, compared to its average volume of 1,841,392. The stock has a market cap of $14.09 billion, a PE ratio of -63.32 and a beta of 1.49. The company has a 50 day moving average of $195.15 and a 200 day moving average of $248.95. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.86 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Citigroup dropped their price objective on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Canaccord Genuity Group reduced their price objective on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Piper Sandler cut their price target on MongoDB from $280.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday. Eight 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 stock has an average rating of “Moderate Buy” and an average price target of $294.78.

Read Our Latest Analysis on MDB

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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