Hsbc Holdings PLC Increases Stake in MongoDB, Inc. (NASDAQ:MDB)

Hsbc Holdings PLC grew its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 99.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,607 shares of the company’s stock after purchasing an additional 21,264 shares during the period. Hsbc Holdings PLC owned about 0.06% of MongoDB worth $17,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its holdings in MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock worth $24,759,000 after purchasing an additional 7,510 shares during the period. Nordea Investment Management AB raised its stake in shares of MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after buying an additional 13,972 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after buying an additional 26,961 shares during the period. Realta Investment Advisors purchased a new position in shares of MongoDB during the 4th quarter valued at approximately $212,000. Finally, Blueshift Asset Management LLC acquired a new stake in MongoDB in the 3rd quarter valued at $902,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now owns 45,444 shares in the company, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’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 transaction of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the 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 completion of the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 in the last ninety days. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $236.06 on Friday. The business’s 50-day moving average is $353.32 and its two-hundred day moving average is $390.72. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $17.19 billion, a P/E ratio of -84.01 and a beta of 1.19. MongoDB, Inc. has a 1 year low of $225.25 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last issued 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). MongoDB had a negative net margin of 11.50% and a negative return on equity of 16.00%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research analyst reports. Mizuho reduced their price objective on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday. DA Davidson upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Friday. Needham & Company LLC decreased their target price on MongoDB from $465.00 to $290.00 and set a “buy” rating on the stock in a research report on Friday. Guggenheim boosted their price target on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Finally, Loop Capital reduced their price objective on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.29.

View Our Latest Stock Analysis on MongoDB

MongoDB Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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