New York Life Investment Management LLC Grows Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

New York Life Investment Management LLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,236 shares of the company’s stock after purchasing an additional 61 shares during the period. New York Life Investment Management LLC’s holdings in MongoDB were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MDB. Jennison Associates LLC grew its position in shares of 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 purchasing an additional 1,745,231 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of MongoDB during the third quarter valued at $37,482,000. Federated Hermes Inc. increased its position in MongoDB by 314.8% during the 3rd quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock worth $46,587,000 after purchasing an additional 102,225 shares in the last quarter. International Assets Investment Management LLC raised its stake in 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 shares of MongoDB during the 3rd quarter worth about $30,877,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDB. Truist Financial raised their target price on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Citigroup increased their target price on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday, May 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Finally, KeyCorp dropped their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $443.86.

MongoDB Stock Performance

MDB stock opened at $354.69 on Friday. 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 12-month low of $255.06 and a 12-month high of $509.62. The stock’s 50 day simple moving average is $364.30 and its 200 day simple moving average is $390.88. The firm has a market cap of $25.83 billion, a P/E ratio of -143.02 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $431.99 million. As a group, equities research analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the transaction, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction on Tuesday, April 2nd. The stock was 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 of the company’s stock, valued at $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,802 shares of company stock worth $16,514,071. 4.80% of the stock is currently owned by company 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.