Vinva Investment Management Ltd Invests $420,000 in MongoDB, Inc. (NASDAQ:MDB)

Vinva Investment Management Ltd bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,797 shares of the company's stock, valued at approximately $420,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company's stock valued at $1,648,000 after purchasing an additional 160 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of MongoDB by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,005 shares of the company's stock valued at $272,000 after buying an additional 153 shares during the period. Natixis Advisors LLC increased its position in shares of MongoDB by 51.5% in the 3rd quarter. Natixis Advisors LLC now owns 18,304 shares of the company's stock valued at $4,948,000 after buying an additional 6,221 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in MongoDB by 16.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,508 shares of the company's stock worth $678,000 after buying an additional 360 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in shares of MongoDB during the 3rd quarter valued at about $100,000. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 0.2 %

NASDAQ MDB traded up $0.35 during trading on Tuesday, reaching $197.83. The company's stock had a trading volume of 470,257 shares, compared to its average volume of 1,702,456. The firm has a 50 day moving average price of $250.11 and a 200 day moving average price of $268.75. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of -72.25 and a beta of 1.30.

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MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock valued at $11,328,869 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MDB has been the topic of several research analyst reports. Needham & Company LLC dropped their target price on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Barclays dropped their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Oppenheimer reduced their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target on the stock in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $320.70.

About MongoDB

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.