37,641 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,641 shares of the company's stock, valued at approximately $8,763,000. Los Angeles Capital Management LLC owned about 0.05% of MongoDB as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MDB. Jennison Associates LLC raised its holdings in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after buying an additional 592,038 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after acquiring an additional 34,814 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of MongoDB by 1.5% during the third 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 during the period. Holocene Advisors LP increased its stake in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock valued at $98,030,000 after acquiring an additional 66,730 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after acquiring an additional 294,228 shares during the period. Institutional investors own 89.29% of the company's stock.

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Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $58,121,799.12. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,314 shares of company stock valued at $13,494,863. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MDB shares. Piper Sandler reiterated an "overweight" rating and set a $425.00 price objective on shares of MongoDB in a research note on Tuesday, December 10th. Macquarie started coverage on shares of MongoDB in a research report on Thursday, December 12th. They issued a "neutral" rating and a $300.00 price target on the stock. Mizuho lifted their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. China Renaissance started coverage on shares of MongoDB in a research report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price target on the stock. Finally, Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average target price of $361.00.

MongoDB Stock Up 1.9 %

MDB stock traded up $5.02 during mid-day trading on Friday, reaching $267.43. 1,339,166 shares of the stock traded hands, compared to its average volume of 1,486,038. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $449.12. The business has a 50-day moving average of $262.73 and a two-hundred day moving average of $275.05. The firm has a market capitalization of $19.92 billion, a PE ratio of -97.60 and a beta of 1.28.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS 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.