MongoDB, Inc. (NASDAQ:MDB) Stake Raised by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,070 shares of the company’s stock after purchasing an additional 97 shares during the quarter. Bleakley Financial Group LLC’s holdings in MongoDB were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MDB. Jennison Associates LLC raised its holdings in shares of MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after buying an additional 1,745,231 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares during the last quarter. Norges Bank bought a new stake in shares of MongoDB during the fourth quarter valued at approximately $147,735,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of MongoDB by 77.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after buying an additional 248,133 shares during the last quarter. Finally, Dorsal Capital Management LLC raised its holdings in shares of MongoDB by 100.0% during the fourth quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock valued at $78,736,000 after buying an additional 200,000 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MDB shares. DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Truist Financial boosted their target price on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. UBS Group reissued a “neutral” rating and set a $410.00 target price (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Redburn Atlantic reissued a “sell” rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Finally, JMP Securities reissued a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.74.

MongoDB Trading Down 1.1 %

MongoDB stock opened at $352.06 on Monday. The company’s fifty day simple moving average is $403.03 and its 200-day simple moving average is $390.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 12 month low of $212.52 and a 12 month high of $509.62. The stock has a market cap of $25.64 billion, a P/E ratio of -141.96 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. As a group, sell-side analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 1,248 shares of MongoDB stock in a transaction on Tuesday, January 16th. The shares were 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 directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The disclosure for this sale can be found here. Insiders have sold a total of 94,050 shares of company stock worth $36,856,111 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

MongoDB 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.