MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,300 shares of the company's stock after acquiring an additional 3,000 shares during the quarter. MongoDB accounts for 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's investment portfolio, making the stock its 17th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in MongoDB were worth $2,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after acquiring an additional 42 shares during the period. NCP Inc. acquired a new stake in MongoDB in the 4th quarter valued at $35,000. Brooklyn Investment Group purchased a new position in MongoDB in the third quarter valued at about $36,000. Continuum Advisory LLC lifted its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MDB shares. Barclays dropped their target price on MongoDB from $400.00 to $330.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Needham & Company LLC lifted their price objective on shares of MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research report on Monday, January 6th. Citigroup raised their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Rosenblatt Securities assumed coverage on shares of MongoDB in a report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average target price of $359.33.

MongoDB Stock Down 3.1 %

Shares of NASDAQ:MDB traded down $8.41 during trading on Monday, hitting $259.02. 1,579,827 shares of the company traded hands, compared to its average volume of 1,488,389. The business's fifty day moving average is $262.73 and its 200-day moving average is $275.27. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of -94.53 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $443.09.

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

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was 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 directly owns 217,294 shares of the company's stock, valued at $55,379,548.84. This represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction on Monday, December 16th. The shares were sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $21,510,229.95. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,314 shares of company stock valued at $12,525,863 in the last quarter. 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.