M&T Bank Corp Has $2.58 Million Position in MongoDB, Inc. (NASDAQ:MDB)

M&T Bank Corp raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 6,309 shares of the company’s stock after purchasing an additional 424 shares during the quarter. M&T Bank Corp’s holdings in MongoDB were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Raymond James & Associates lifted its position in shares of MongoDB by 34.8% during the 3rd quarter. Raymond James & Associates now owns 53,047 shares of the company’s stock worth $18,347,000 after purchasing an additional 13,686 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MongoDB by 3.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,014 shares of the company’s stock worth $10,381,000 after buying an additional 1,087 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of MongoDB by 19.9% in the third quarter. Mackenzie Financial Corp now owns 4,966 shares of the company’s stock valued at $1,647,000 after acquiring an additional 824 shares during the period. Strs Ohio acquired a new stake in shares of MongoDB in the third quarter worth $626,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in MongoDB by 30.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,283 shares of the company’s stock worth $7,173,000 after acquiring an additional 4,971 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 0.6 %

MDB stock opened at $353.20 on Thursday. The business has a fifty day moving average price of $366.16 and a 200 day moving average price of $391.13. 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 fifty-two week low of $244.85 and a fifty-two week high of $509.62. The stock has a market capitalization of $25.72 billion, a price-to-earnings ratio of -142.42 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Tigress Financial increased their price target on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Stifel Nicolaus reissued a “buy” rating and set a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday, May 3rd. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Loop Capital started coverage on MongoDB in a research report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $443.86.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares in the company, valued at $78,698,272.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,802 shares of company stock worth $16,514,071. 4.80% of the stock is currently owned by corporate insiders.

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.