Ilmarinen Mutual Pension Insurance Co Buys 15,000 Shares of MongoDB, Inc. (NASDAQ:MDB)

Ilmarinen Mutual Pension Insurance Co increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 75.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,000 shares of the company's stock after buying an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in MongoDB were worth $8,148,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after buying an additional 181,962 shares during the last quarter. Geode Capital Management LLC raised its position in shares of MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after acquiring an additional 22,106 shares during the last quarter. Norges Bank bought a new position in shares of MongoDB in the 4th quarter worth $189,584,000. Finally, Amundi grew its stake in shares of MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after purchasing an additional 321,186 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % 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, Director Dwight A. Merriman sold 1,045 shares of MongoDB stock in a transaction on Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock worth $13,461,875 over the last ninety days. Insiders own 3.60% of the company's stock.

Remove Ads

Analysts Set New Price Targets

MDB has been the topic of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of MongoDB in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target on the stock. Daiwa Capital Markets initiated coverage on shares of MongoDB in a research report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective for the company. Robert W. Baird lowered their target price on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Citigroup decreased their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Bank of America reduced their price target on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $310.74.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $1.19 during trading hours on Friday, hitting $159.91. 634,531 shares of the stock were exchanged, compared to its average volume of 1,791,894. The company's fifty day simple moving average is $222.73 and its two-hundred day simple moving average is $256.90. The company has a market cap of $12.98 billion, a PE ratio of -58.45 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results 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). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the firm posted $0.86 earnings per share. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB 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.