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Nisa Investment Advisors LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 428.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,755 shares of the company’s stock after purchasing an additional 4,665 shares during the period. Nisa Investment Advisors LLC’s holdings in MongoDB were worth $1,340,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Jennison Associates LLC lifted its position in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the last quarter. Geode Capital Management LLC lifted its position in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after buying an additional 7,526 shares during the period. Holocene Advisors LP grew its holdings in MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after acquiring an additional 66,730 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings 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 valued at $69,119,000 after purchasing an additional 294,228 shares during the period. 89.29% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the sale, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,156 shares of company stock valued at $9,220,473 over the last ninety days. Company insiders own 3.60% of the company’s stock.
MongoDB Price Performance
NASDAQ MDB traded up $19.42 during trading on Tuesday, hitting $284.00. The company’s stock had a trading volume of 3,452,990 shares, compared to its average volume of 1,615,993. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company has a market cap of $21.15 billion, a PE ratio of -103.65 and a beta of 1.25. The business’s 50 day simple moving average is $275.02 and its 200-day simple moving average is $269.23.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. Analysts expect that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently commented on MDB shares. The Goldman Sachs Group raised their target price on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Rosenblatt Securities initiated coverage on MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and set a $425.00 target price on shares of MongoDB in a report on Tuesday, December 10th. Finally, Loop Capital increased their price target on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $361.00.
View Our Latest Stock Report on MongoDB
MongoDB Profile
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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