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Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 32.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,300 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. MongoDB makes up approximately 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings, making the stock its 17th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in MongoDB were worth $2,864,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of MongoDB by 1.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after acquiring an additional 7,526 shares during the last quarter. Holocene Advisors LP grew its stake in MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after buying an additional 66,730 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after buying an additional 294,228 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.
Insider Transactions at MongoDB
In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,979 shares of company stock worth $11,265,417. Insiders own 3.60% of the company’s stock.
MongoDB Trading Down 2.2 %
Shares of MongoDB stock opened at $262.41 on Friday. The company’s fifty day simple moving average is $261.95 and its 200-day simple moving average is $274.67. The company has a market cap of $19.54 billion, a price-to-earnings ratio of -95.77 and a beta of 1.28. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $449.12.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently commented on MDB shares. Robert W. Baird upped their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Canaccord Genuity Group upped their price objective on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Rosenblatt Securities assumed coverage on MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Finally, DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $361.00.
View Our Latest Research Report on MDB
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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