MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Boosted by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 43.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,901 shares of the company's stock after buying an additional 10,029 shares during the period. Curi RMB Capital LLC's holdings in MongoDB were worth $7,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MDB. B.O.S.S. Retirement Advisors LLC purchased a new position in MongoDB during the fourth quarter worth about $606,000. Union Bancaire Privee UBP SA purchased a new stake in MongoDB during the 4th quarter worth about $3,515,000. HighTower Advisors LLC lifted its stake in MongoDB by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after purchasing an additional 372 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after buying an additional 4,665 shares during the last quarter. Finally, Covea Finance purchased a new stake in MongoDB in the fourth quarter valued at $3,841,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Up 6.5 %

Shares of MongoDB stock traded up $10.55 during trading hours on Thursday, reaching $173.21. The stock had a trading volume of 3,314,259 shares, compared to its average volume of 1,834,348. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The firm has a 50 day simple moving average of $199.98 and a two-hundred day simple moving average of $250.32. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of -63.22 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same quarter in the prior year, the business earned $0.86 EPS. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on MDB shares. Loop Capital cut their price target on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Needham & Company LLC lowered their price target on MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Wedbush decreased their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Redburn Atlantic upgraded MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a research note on Thursday, April 17th. Finally, Citigroup lowered their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $297.28.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 in the company, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the transaction, the director now owns 83,845 shares in the company, valued at $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,680 shares of company stock valued at $10,819,027. Insiders own 3.60% of the company's stock.

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.