MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 43.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,818 shares of the company’s stock after acquiring an additional 17,042 shares during the quarter. Victory Capital Management Inc.’s holdings in MongoDB were worth $22,821,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MDB. Blue Trust Inc. increased its stake in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB during the 3rd quarter worth about $35,000. AM Squared Ltd purchased a new stake in MongoDB in the 3rd quarter valued at about $35,000. Huntington National Bank lifted its position in MongoDB by 279.3% in the third quarter. Huntington National Bank now owns 110 shares of the company’s stock valued at $38,000 after buying an additional 81 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 0.6 %

MDB stock opened at $353.20 on Thursday. The company’s 50 day moving average is $366.16 and its two-hundred day moving average is $391.13. MongoDB, Inc. has a twelve month low of $244.85 and a twelve month high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market cap of $25.72 billion, a P/E ratio of -142.42 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last announced 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 return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MDB shares. JMP Securities restated a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a report on Monday, January 22nd. DA Davidson upgraded 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. Citigroup lifted their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Friday, May 3rd. Finally, Redburn Atlantic reiterated a “sell” rating and set a $295.00 price target (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Two 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $443.86.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,802 shares of company stock worth $16,514,071. Corporate insiders own 4.80% of the company’s stock.

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.