Stifel Financial Corp grew its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,216 shares of the company’s stock after purchasing an additional 6,894 shares during the quarter. Stifel Financial Corp owned approximately 0.15% of MongoDB worth $26,590,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. TD Waterhouse Canada Inc. raised its position in shares of MongoDB by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,557 shares of the company’s stock valued at $362,000 after buying an additional 105 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of MongoDB by 554.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,077 shares of the company’s stock valued at $1,880,000 after buying an additional 6,842 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in MongoDB by 138.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 51,432 shares of the company’s stock worth $11,974,000 after acquiring an additional 29,832 shares in the last quarter. Transatlantique Private Wealth LLC increased its holdings in MongoDB by 15.5% in the fourth quarter. Transatlantique Private Wealth LLC now owns 3,273 shares of the company’s stock valued at $762,000 after buying an additional 440 shares during the last quarter. Finally, Thematics Asset Management boosted its holdings in MongoDB by 49.9% in the fourth quarter. Thematics Asset Management now owns 132,313 shares of the company’s stock valued at $30,804,000 after purchasing an additional 44,061 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent research reports. Daiwa America upgraded MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Barclays cut their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Daiwa Capital Markets began coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price on the stock. Stifel Nicolaus dropped their price target on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Scotiabank restated a “sector perform” rating and issued a $160.00 price objective (down previously from $240.00) on shares of MongoDB in a research report on Friday. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.78.

Read Our Latest Research Report on MongoDB

MongoDB Stock Performance

MongoDB stock traded up $0.29 during midday trading on Friday, reaching $173.50. 2,105,392 shares of the company were exchanged, compared to its average volume of 1,841,392. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of -63.32 and a beta of 1.49. The firm’s 50-day simple moving average is $195.15 and its 200-day simple moving average is $248.95. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.86 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were 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 in the company, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,680 shares of company stock valued at $10,819,027 over the last quarter. Company insiders own 3.60% of the company’s stock.

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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