Russell Investments Group Ltd. grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,804 shares of the company’s stock after acquiring an additional 3,688 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of MongoDB worth $12,303,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Avestar Capital LLC increased its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after buying an additional 42 shares during the period. Aigen Investment Management LP lifted its stake in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after acquiring an additional 66 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock worth $383,000 after acquiring an additional 75 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock worth $13,461,875 in the last three months. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDB shares. Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. China Renaissance started coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target for the company. Piper Sandler decreased their price objective on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group cut their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Seven research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $312.84.

View Our Latest Stock Report on MDB

MongoDB Trading Down 6.0 %

NASDAQ MDB opened at $161.10 on Friday. The stock’s fifty day moving average price is $222.73 and its 200-day moving average price is $256.90. The stock has a market cap of $13.08 billion, a P/E ratio of -58.80 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the business posted $0.86 earnings per share. As a group, 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.

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