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Resona Asset Management Co. Ltd. bought a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,845 shares of the company’s stock, valued at approximately $4,866,000.
A number of other large investors have also made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of MongoDB by 19.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock valued at $391,000 after purchasing an additional 231 shares in the last quarter. HighTower Advisors LLC boosted its stake in MongoDB by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 18,401 shares of the company’s stock valued at $4,986,000 after purchasing an additional 1,065 shares during the period. Morse Asset Management Inc acquired a new stake in MongoDB in the 3rd quarter valued at approximately $81,000. Weiss Asset Management LP bought a new position in MongoDB in the 3rd quarter worth approximately $217,000. Finally, National Bank of Canada FI lifted its holdings in shares of MongoDB by 113.2% during the third quarter. National Bank of Canada FI now owns 15,441 shares of the company’s stock worth $4,174,000 after buying an additional 8,198 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
Insiders Place Their Bets
In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 301 shares of the 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 sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,060 shares of company stock worth $13,461,875. Insiders own 3.60% of the company’s stock.
MongoDB Price Performance
Shares of MDB stock traded up $1.14 on Friday, reaching $162.24. 1,677,145 shares of the stock were exchanged, compared to its average volume of 1,799,806. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The stock has a market cap of $13.17 billion, a PE ratio of -59.21 and a beta of 1.49. The stock has a 50 day moving average price of $222.73 and a 200 day moving average price of $256.90.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 the consensus estimate of $519.65 million. During the same period last year, the firm earned $0.86 earnings per share. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
MDB has been the subject of several research analyst reports. Oppenheimer cut their target price on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Barclays reduced their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. UBS Group set a $350.00 price target on MongoDB in a research note on Tuesday, March 4th. Morgan Stanley reduced their price objective on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, Truist Financial lowered their price objective on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $310.74.
MongoDB Company 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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