Aviva PLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 68.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 44,405 shares of the company’s stock after acquiring an additional 17,992 shares during the period. Aviva PLC owned approximately 0.06% of MongoDB worth $10,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Hilltop National Bank grew its position in MongoDB by 47.2% during the 4th 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. Continuum Advisory LLC lifted its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the period. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at $35,000. Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB in the 3rd quarter valued at $44,000. Finally, Versant Capital Management Inc raised its stake in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

MongoDB stock traded up $1.14 during midday trading on Friday, reaching $162.24. The company had a trading volume of 1,677,145 shares, compared to its average volume of 1,799,806. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The company has a market capitalization of $13.17 billion, a P/E ratio of -59.21 and a beta of 1.49. The firm’s fifty day simple moving average is $222.73 and its 200-day simple moving average is $256.90.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results 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). The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the business earned $0.86 EPS. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on MDB. Royal Bank of Canada dropped their price target on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Morgan Stanley dropped their target price on MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities reissued a “buy” rating and set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. China Renaissance assumed coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective on the stock. Finally, Daiwa America raised shares of MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.74.

Get Our Latest Research Report on MongoDB

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the 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 $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,060 shares of company stock worth $13,461,875. Corporate insiders own 3.60% of the company’s stock.

MongoDB Profile

(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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