Erste Asset Management GmbH Invests $1.67 Million in MongoDB, Inc. (NASDAQ:MDB)

Erste Asset Management GmbH purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,000 shares of the company's stock, valued at approximately $1,668,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC increased its stake in MongoDB by 23.6% in the 3rd 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. Geode Capital Management LLC increased its stake in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Amundi grew its stake in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after acquiring an additional 321,186 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock valued at $134,161,000 after acquiring an additional 7,526 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in MongoDB during the 4th quarter valued at about $90,478,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB traded up $1.38 during trading hours on Wednesday, reaching $190.06. The stock had a trading volume of 1,667,064 shares, compared to its average volume of 1,692,785. The business's fifty day moving average is $254.38 and its two-hundred day moving average is $271.46. The company has a market cap of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19.

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MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 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 during the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the topic of several research analyst reports. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. China Renaissance initiated coverage on MongoDB in a research note on Tuesday, January 21st. They set a "buy" rating and a $351.00 target price on the stock. Macquarie lowered their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada lowered their target price on MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and an average target price of $319.87.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total transaction of $713,190.00. Following the sale, the director now owns 1,117,006 shares in the company, valued at approximately $265,545,836.38. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last three months. Company 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.