Kazazian Asset Management LLC Purchases Shares of 5,278 MongoDB, Inc. (NASDAQ:MDB)

Kazazian Asset Management LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,278 shares of the company's stock, valued at approximately $1,229,000. MongoDB makes up about 0.9% of Kazazian Asset Management LLC's portfolio, making the stock its 24th largest position.

Several other large investors also recently modified their holdings of the business. Jennison Associates LLC grew its stake in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Raymond James Financial Inc. bought a new position in MongoDB in the fourth quarter worth about $90,478,000. Amundi lifted its holdings in MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after acquiring an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock worth $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Finally, Avala Global LP bought a new position in MongoDB in the third quarter worth about $47,960,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MDB shares. Macquarie cut their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company cut shares of MongoDB from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Piper Sandler cut their price target on MongoDB from $425.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, Barclays cut their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $320.70.

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Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now owns 217,294 shares of the company's stock, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares of the company's stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock worth $11,328,869 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

MongoDB Price Performance

NASDAQ MDB traded up $3.24 on Friday, hitting $192.54. 2,184,849 shares of the stock were exchanged, compared to its average volume of 1,701,319. The company's 50-day moving average price is $250.97 and its two-hundred day moving average price is $269.55. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the business earned $0.86 EPS. Equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB 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.