Ostrum Asset Management grew its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 460.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,159 shares of the company’s stock after purchasing an additional 1,774 shares during the period. Ostrum Asset Management’s holdings in MongoDB were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in MongoDB by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Franklin Resources Inc. raised its holdings in MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after buying an additional 181,962 shares during the last quarter. Geode Capital Management LLC grew its holdings in MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after acquiring an additional 22,106 shares during the last quarter. First Trust Advisors LP raised its stake in shares of MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock valued at $199,031,000 after acquiring an additional 95,893 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of MongoDB in the fourth quarter worth $189,584,000. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MDB. KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Mizuho decreased their target price on shares of MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. UBS Group set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Truist Financial decreased their price target on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $299.78.

Check Out Our Latest Analysis on MongoDB

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,680 shares of company stock worth $11,084,027 in the last quarter. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Down 0.5 %

Shares of NASDAQ:MDB opened at $159.26 on Monday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The stock has a market cap of $12.93 billion, a PE ratio of -58.12 and a beta of 1.49. The stock’s fifty day simple moving average is $208.15 and its two-hundred day simple moving average is $252.42.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the company posted $0.86 earnings per share. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB Company 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.

See Also

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