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Prudential Financial Inc. reduced its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,152 shares of the company’s stock after selling 105 shares during the period. Prudential Financial Inc.’s holdings in MongoDB were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of MongoDB during the 4th quarter valued at about $90,478,000. Amundi grew its holdings in MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after purchasing an additional 321,186 shares during the period. Assenagon Asset Management S.A. increased its position in shares of MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. LBP AM SA raised its stake in shares of MongoDB by 81.9% during the 4th quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after buying an additional 110,768 shares during the period. Finally, Nicholas Company Inc. grew its stake in MongoDB by 94.5% in the 4th quarter. Nicholas Company Inc. now owns 202,509 shares of the company’s stock valued at $47,146,000 after acquiring an additional 98,394 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.
Insider Buying and Selling at MongoDB
In other news, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $242.67, for a total transaction of $253,590.15. Following the sale, the director now owns 85,652 shares in the company, valued at $20,785,170.84. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,060 shares of company stock valued at $13,461,875 in the last 90 days. Company insiders own 3.60% of the company’s stock.
Wall Street Analysts Forecast Growth
MDB has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Stifel Nicolaus decreased their target price on MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, Daiwa Capital Markets began coverage on MongoDB in a research report on Tuesday, April 1st. They set an “outperform” rating and a $202.00 price target for the company. Seven 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. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $312.84.
Get Our Latest Research Report on MDB
MongoDB Stock Up 17.5 %
MDB opened at $171.34 on Thursday. The firm has a market cap of $13.91 billion, a P/E ratio of -62.53 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19. The business has a fifty day simple moving average of $224.89 and a 200-day simple moving average of $257.73.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the company earned $0.86 earnings per share. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.
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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