BDF Gestion Buys Shares of 9,265 MongoDB, Inc. $MDB

BDF Gestion purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,265 shares of the company’s stock, valued at approximately $3,888,000.

A number of other large investors have also made changes to their positions in MDB. Vanguard Group Inc. boosted its position in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after purchasing an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. grew its stake in MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares during the last quarter. State Street Corp increased its position in MongoDB by 3.7% during the 3rd quarter. State Street Corp now owns 1,756,628 shares of the company’s stock valued at $545,222,000 after buying an additional 63,434 shares in the last quarter. Amundi increased its position in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. raised its stake in MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director owned 80,462 shares in the company, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 19,383 shares of company stock valued at $7,910,983 in the last quarter. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MDB shares. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Citizens Jmp upped their price objective on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday, December 2nd. Wedbush decreased their price objective on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, UBS Group dropped their target price on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $355.24.

MongoDB Price Performance

Shares of MongoDB stock opened at $273.25 on Tuesday. The stock has a market cap of $22.24 billion, a PE ratio of -310.51 and a beta of 1.40. The firm has a fifty day moving average price of $335.58 and a 200 day moving average price of $352.07. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. The company had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.