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DNB Asset Management AS grew its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 26.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,503 shares of the company’s stock after acquiring an additional 4,050 shares during the period. DNB Asset Management AS’s holdings in MongoDB were worth $7,974,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MDB. Wesbanco Bank Inc. bought a new position in MongoDB during the third quarter worth $202,000. Raleigh Capital Management Inc. increased its holdings in shares of MongoDB by 156.1% during the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock worth $50,000 after buying an additional 89 shares in the last quarter. Alamar Capital Management LLC increased its holdings in MongoDB by 9.4% during the 3rd quarter. Alamar Capital Management LLC now owns 9,903 shares of the company’s stock valued at $3,425,000 after purchasing an additional 847 shares in the last quarter. Polar Capital Holdings Plc raised its position in MongoDB by 18.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 248,259 shares of the company’s stock valued at $85,863,000 after purchasing an additional 38,747 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in MongoDB in the third quarter worth $2,453,000. 88.89% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CAO Thomas Bull sold 359 shares of MongoDB stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the sale, the chief accounting officer now directly owns 16,313 shares in the company, valued at $6,596,650.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 359 shares of MongoDB stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the sale, the chief accounting officer now directly owns 16,313 shares in the company, valued at $6,596,650.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares of the company’s stock, valued at $10,170,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,607 shares of company stock worth $23,116,062. Corporate insiders own 4.80% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on MDB shares. KeyCorp upped their price objective on MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Royal Bank of Canada lifted their price objective on MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Guggenheim upped their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Finally, UBS Group reaffirmed a “neutral” rating and set a $410.00 price target (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $456.19.
Read Our Latest Analysis on MDB
MongoDB Trading Down 3.7 %
Shares of MDB stock traded down $13.50 during trading hours on Friday, hitting $355.44. 1,823,545 shares of the company were exchanged, compared to its average volume of 1,490,097. MongoDB, Inc. has a fifty-two week low of $198.72 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. The firm has a market cap of $25.65 billion, a P/E ratio of -143.32 and a beta of 1.24. The company has a 50 day simple moving average of $421.71 and a two-hundred day simple moving average of $392.02.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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