MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,213 shares of the company's stock after buying an additional 16,794 shares during the period. Charles Schwab Investment Management Inc. owned about 0.40% of MongoDB worth $68,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in MongoDB by 12.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock worth $272,000 after buying an additional 133 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of MongoDB by 106.4% during the 4th quarter. Plato Investment Management Ltd now owns 1,862 shares of the company's stock worth $435,000 after purchasing an additional 960 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $670,000. Jones Financial Companies Lllp grew its holdings in MongoDB by 68.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock worth $237,000 after buying an additional 413 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after purchasing an additional 134 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $195.70 on Wednesday. The company's 50-day moving average price is $259.87 and its two-hundred day moving average price is $273.64. The stock has a market capitalization of $14.57 billion, a PE ratio of -71.42 and a beta of 1.30. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

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MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the company posted $0.86 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Scotiabank reiterated a "sector perform" rating and set a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Barclays lowered their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Truist Financial cut their target price on shares of MongoDB from $400.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and an average price target of $319.87.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on 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. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $55,379,548.84. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,314 shares of company stock valued at $12,981,833. Company insiders own 3.60% of the company's stock.

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.

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