Assenagon Asset Management S.A. Has $69.12 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Assenagon Asset Management S.A. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 11,057.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,889 shares of the company's stock after purchasing an additional 294,228 shares during the period. Assenagon Asset Management S.A. owned approximately 0.40% of MongoDB worth $69,119,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in MongoDB during the third quarter worth $1,045,000. Geode Capital Management LLC raised its position in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of MongoDB in the third quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. grew its position in shares of MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock valued at $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of MongoDB during the 2nd quarter worth approximately $1,860,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the sale, the director now directly owns 1,127,006 shares in the company, valued at approximately $303,807,007.42. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,821 shares of company stock worth $6,831,215 in the last quarter. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Up 2.1 %

MDB stock traded up $5.05 during midday trading on Thursday, hitting $247.96. The stock had a trading volume of 1,164,447 shares, compared to its average volume of 1,503,400. The stock has a 50-day simple moving average of $279.90 and a 200 day simple moving average of $269.32. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of -90.50 and a beta of 1.25.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. MongoDB's quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts forecast that MongoDB, Inc. will post -1.79 EPS for the current year.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. Oppenheimer upped their price objective on MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target for the company in a report on Monday, January 6th. Wells Fargo & Company increased their price target on MongoDB from $350.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research report on Monday, December 16th. Finally, Citigroup upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $364.64.

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.