abrdn plc Buys 12,571 Shares of MongoDB, Inc. (NASDAQ:MDB)

abrdn plc boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 55.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,374 shares of the company’s stock after purchasing an additional 12,571 shares during the quarter. abrdn plc’s holdings in MongoDB were worth $14,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Jennison Associates LLC boosted its stake in MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after acquiring an additional 1,745,231 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of MongoDB during the third quarter worth about $37,482,000. Federated Hermes Inc. increased its holdings in shares of MongoDB by 314.8% during the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock valued at $46,587,000 after acquiring an additional 102,225 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of MongoDB by 31,796.1% in the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after purchasing an additional 89,665 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in MongoDB in the 3rd quarter worth approximately $30,877,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $437.99, for a total value of $2,627,940.00. Following the completion of the sale, the director now owns 1,168,784 shares of the company’s stock, valued at $511,915,704.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the sale, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the transaction, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. KeyCorp cut their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Citigroup boosted their price target on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Loop Capital initiated coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $415.00 price target on the stock. Truist Financial upped their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $465.00 target price on shares of MongoDB in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Stock Up 0.8 %

NASDAQ MDB opened at $369.29 on Thursday. The business has a fifty day moving average price of $383.39 and a 200 day moving average price of $390.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, equities research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

MongoDB Company 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.