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Caisse DE Depot ET Placement DU Quebec lifted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 196.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,103 shares of the company’s stock after acquiring an additional 29,203 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of MongoDB worth $10,268,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of MongoDB in the fourth quarter worth $189,584,000. Marshall Wace LLP acquired a new stake in shares of MongoDB during the 4th quarter valued at about $110,356,000. Raymond James Financial Inc. bought a new stake in shares of MongoDB in the 4th quarter valued at approximately $90,478,000. D1 Capital Partners L.P. acquired a new stake in MongoDB in the fourth quarter valued at approximately $76,129,000. Finally, Amundi increased its stake in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
Wall Street Analysts Forecast Growth
MDB has been the subject of a number of recent research reports. Oppenheimer decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. UBS Group set a $350.00 target price on MongoDB in a report on Tuesday, March 4th. Bank of America lowered their price target on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, Mizuho reduced their price objective on shares of MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.78.
Read Our Latest Analysis on MDB
MongoDB Stock Performance
Shares of MDB stock opened at $171.64 on Friday. The stock’s fifty day moving average is $184.75 and its 200-day moving average is $244.98. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The stock has a market capitalization of $13.94 billion, a PE ratio of -62.64 and a beta of 1.49.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the business posted $0.86 EPS. As a group, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Insider Activity
In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $266.00, for a total value of $798,000.00. Following the sale, the director now directly owns 1,113,006 shares of the company’s stock, valued at approximately $296,059,596. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,345 shares of company stock valued at $8,485,310. Company insiders own 3.60% of the company’s stock.
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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