MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 31,796.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,947 shares of the company’s stock after acquiring an additional 89,665 shares during the quarter. International Assets Investment Management LLC’s holdings in MongoDB were worth $36,775,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. boosted its stake in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after purchasing an additional 33 shares during the period. Bleakley Financial Group LLC grew its holdings in MongoDB by 10.0% in the 4th quarter. Bleakley Financial Group LLC now owns 1,070 shares of the company’s stock worth $437,000 after buying an additional 97 shares in the last quarter. Meeder Advisory Services Inc. acquired a new stake in MongoDB in the 4th quarter valued at approximately $200,000. Silvant Capital Management LLC bought a new stake in MongoDB during the 4th quarter valued at $1,502,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in MongoDB by 24.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 110,690 shares of the company’s stock worth $45,255,000 after acquiring an additional 21,415 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 0.1 %

NASDAQ:MDB opened at $362.85 on Friday. The business’s fifty day moving average price is $371.56 and its 200 day moving average price is $390.88. The firm has a market capitalization of $26.43 billion, a price-to-earnings ratio of -146.31 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 1-year low of $226.10 and a 1-year high of $509.62.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDB. KeyCorp lowered their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and upped their price target for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. JMP Securities reiterated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Stifel Nicolaus reissued a “buy” rating and set a $435.00 target price on shares of MongoDB in a report on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 price target on shares of MongoDB in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $443.86.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the sale, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. Insiders sold a total of 64,802 shares of company stock worth $24,771,151 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

About MongoDB

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.