Allspring Global Investments Holdings LLC Boosts Holdings in MongoDB, Inc. (NASDAQ:MDB)

Allspring Global Investments Holdings LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,115 shares of the company's stock after acquiring an additional 15,825 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.26% of MongoDB worth $46,691,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group bought a new stake in MongoDB in the third quarter worth approximately $36,000. GAMMA Investing LLC lifted its stake in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after buying an additional 93 shares during the period. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 1.1 %

Shares of NASDAQ:MDB traded down $3.34 during midday trading on Monday, reaching $289.63. The company had a trading volume of 1,247,880 shares, compared to its average volume of 1,481,443. The stock has a market cap of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28. The company's 50 day moving average price is $261.45 and its 200 day moving average price is $272.51. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $488.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. During the same period in the previous year, the company earned $0.96 earnings per share. The company's quarterly revenue was up 22.3% on a year-over-year basis. Research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 2,581 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $604,186.29. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $50,866,352.46. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,094 shares of company stock valued at $11,705,293. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MDB. Robert W. Baird boosted their target price on shares of MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Citigroup upped their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Monday, December 16th. KeyCorp raised their target price on MongoDB from $330.00 to $375.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Truist Financial reaffirmed a "buy" rating and set a $400.00 price target (up from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald assumed coverage on MongoDB in a research note on Friday, January 17th. They issued an "overweight" rating and a $344.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $361.00.

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.