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Robeco Institutional Asset Management B.V. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 2,373.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,032 shares of the company’s stock after purchasing an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in MongoDB were worth $1,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of MongoDB by 2.9% in the 4th quarter. State Street Corp now owns 1,336,268 shares of the company’s stock valued at $707,353,000 after acquiring an additional 37,116 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in MongoDB during the 4th quarter valued at approximately $674,390,000. Geode Capital Management LLC raised its position in MongoDB by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock valued at $456,904,000 after purchasing an additional 56,940 shares during the last quarter. Norges Bank bought a new position in MongoDB during the 4th quarter valued at approximately $277,934,000. Finally, TD Asset Management Inc. grew its holdings in shares of MongoDB by 153.9% during the 4th quarter. TD Asset Management Inc. now owns 525,000 shares of the company’s stock worth $277,909,000 after acquiring an additional 318,259 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on MDB. Royal Bank of Canada upped their price target on MongoDB from $325.00 to $375.00 in a research note on Thursday, June 9th. Stifel Nicolaus lowered their price objective on MongoDB from $425.00 to $340.00 in a research report on Thursday, June 2nd. Piper Sandler lowered their price objective on MongoDB from $585.00 to $430.00 and set an “overweight” rating on the stock in a research report on Thursday, June 2nd. Needham & Company LLC upped their price objective on MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, June 10th. Finally, Mizuho lowered their price target on MongoDB from $325.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $404.22.

In related news, CEO Dev Ittycheria sold 35,000 shares of MongoDB stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the transaction, the chief executive officer now owns 204,744 shares in the company, valued at $65,743,298.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 14,000 shares of MongoDB stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $349.22, for a total value of $4,889,080.00. Following the completion of the transaction, the director now owns 1,323,384 shares of the company’s stock, valued at approximately $462,152,160.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,185 shares of company stock valued at $23,594,636. Company insiders own 5.70% of the company’s stock.

Shares of MongoDB stock opened at $278.91 on Friday. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of -57.63 and a beta of 0.91. The business has a 50-day moving average price of $267.27 and a 200-day moving average price of $352.92. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. MongoDB, Inc. has a twelve month low of $213.39 and a twelve month high of $590.00.

MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.34) by $0.19. The firm had revenue of $285.45 million during the quarter, compared to analyst estimates of $267.10 million. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.98) earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -5.09 EPS for the current fiscal year.

About MongoDB (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading

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