Mirae Asset Global Investments Co. Ltd. Acquires 41,339 Shares of MongoDB, Inc. (NASDAQ:MDB)

Mirae Asset Global Investments Co. Ltd. raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 287.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,736 shares of the company's stock after purchasing an additional 41,339 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of MongoDB worth $13,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jennison Associates LLC increased its stake in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Geode Capital Management LLC increased its position in 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 in the last quarter. Westfield Capital Management Co. LP increased its position in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Holocene Advisors LP increased its position in MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock worth $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock worth $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,319 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $285.92, for a total value of $377,128.48. Following the sale, the director now owns 87,744 shares of the company's stock, valued at approximately $25,087,764.48. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,491 shares of company stock worth $11,543,480 over the last 90 days. Company insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and set a $425.00 target price on shares of MongoDB in a research report on Tuesday, December 10th. Oppenheimer increased their target price 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. Scotiabank lowered their price objective on shares of MongoDB from $350.00 to $275.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Monness Crespi & Hardt downgraded shares of MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Monday, December 16th. Finally, Loop Capital increased their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $361.00.

MongoDB Trading Up 2.7 %

Shares of MDB stock traded up $7.53 on Monday, hitting $285.40. 670,362 shares of the stock were exchanged, compared to its average volume of 1,542,436. The firm has a market capitalization of $21.25 billion, a P/E ratio of -104.22 and a beta of 1.28. The business has a 50-day moving average of $267.08 and a 200 day moving average of $270.65. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. 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 firm posted $0.96 earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal 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.