Lbp Am Sa Has $57.29 Million Position in MongoDB, Inc. (NASDAQ:MDB)

LBP AM SA increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 81.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,091 shares of the company's stock after purchasing an additional 110,768 shares during the period. MongoDB comprises about 0.8% of LBP AM SA's investment portfolio, making the stock its 29th largest position. LBP AM SA owned about 0.33% of MongoDB worth $57,292,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDB. Hilltop National Bank increased its holdings in 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 buying an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the 3rd quarter valued at about $36,000. Continuum Advisory LLC increased its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the period. NCP Inc. bought a new position in MongoDB during the fourth quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB during the third quarter valued at approximately $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other MongoDB 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 sale, the chief accounting officer now directly owns 14,899 shares of the company's stock, valued at $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a 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 value of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares of the company's stock, 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 valued at $11,328,869 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

MDB has been the subject of several analyst reports. Loop Capital cut their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. DA Davidson boosted their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on shares of MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price on the stock. Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, Mizuho upped their price objective on shares of MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $319.87.

MongoDB Stock Performance

NASDAQ MDB traded down $4.37 during trading hours on Tuesday, reaching $188.68. 1,332,411 shares of the company's stock were exchanged, compared to its average volume of 1,690,365. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of -68.86 and a beta of 1.30. The company's 50-day moving average is $255.53 and its two-hundred day moving average is $272.18. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the company earned $0.86 EPS. Research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.