Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,466 shares of the company's stock after purchasing an additional 5,056 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of MongoDB worth $14,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new position in MongoDB during the 4th quarter valued at approximately $35,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after buying an additional 118 shares during the last quarter. Versant Capital Management Inc boosted its holdings in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of MongoDB in the third quarter worth $44,000. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDB has been the subject of several recent analyst reports. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Morgan Stanley dropped their target price on shares of MongoDB from $350.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Scotiabank reissued a "sector perform" rating and set a $240.00 price target (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Daiwa America raised MongoDB to a "strong-buy" rating in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $312.84.

Remove Ads

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,045 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the transaction, the director now directly owns 85,652 shares of the company's stock, valued at approximately $20,785,170.84. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $60,840,147.06. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,857 shares of company stock valued at $9,613,306. Insiders own 3.60% of the company's stock.

MongoDB Stock Down 9.4 %

NASDAQ:MDB traded down $16.85 on Thursday, reaching $163.34. 3,342,060 shares of the company's stock traded hands, compared to its average volume of 1,749,498. The firm has a market cap of $13.26 billion, a PE ratio of -59.61 and a beta of 1.30. The stock has a 50-day simple moving average of $240.77 and a 200-day simple moving average of $263.72. MongoDB, Inc. has a 12 month low of $160.47 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analysts' expectations 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 last year, the firm posted $0.86 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

About MongoDB

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.