KLP Kapitalforvaltning AS Purchases Shares of 24,100 MongoDB, Inc. (NASDAQ:MDB)

KLP Kapitalforvaltning AS bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,100 shares of the company's stock, valued at approximately $5,611,000.

A number of other large investors have also made changes to their positions in MDB. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $606,000. Geode Capital Management LLC grew its holdings in shares of MongoDB by 2.9% during 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 during the period. Charles Schwab Investment Management Inc. increased its position in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock worth $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in MongoDB in the 4th quarter valued at about $3,515,000. Finally, Nisa Investment Advisors LLC lifted its position in MongoDB by 428.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after buying an additional 4,665 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 169 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cedric Pech sold 287 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,139 shares of company stock worth $11,328,869. Company insiders own 3.60% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Tigress Financial boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Wells Fargo & Company lowered MongoDB from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Stifel Nicolaus dropped their price objective on MongoDB from $425.00 to $340.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $240.00 target price (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $320.70.

MongoDB Stock Down 5.6 %

NASDAQ:MDB traded down $10.61 during mid-day trading on Friday, reaching $178.03. 2,906,042 shares of the stock were exchanged, compared to its average volume of 1,733,041. The stock has a market capitalization of $14.45 billion, a P/E ratio of -64.97 and a beta of 1.30. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The company has a 50 day simple moving average of $245.56 and a 200-day simple moving average of $266.17.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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 return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same quarter last year, the business posted $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.