MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Korea Investment CORP

Korea Investment CORP increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,871 shares of the company's stock after acquiring an additional 9,936 shares during the period. Korea Investment CORP owned approximately 0.08% of MongoDB worth $13,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank raised its position in 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 purchasing an additional 42 shares in the last quarter. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter worth approximately $35,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc raised 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 valued at $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter worth approximately $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Down 5.5 %

Shares of MongoDB stock traded down $8.95 during trading on Friday, reaching $154.39. The company's stock had a trading volume of 3,888,420 shares, compared to its average volume of 1,758,640. The business has a 50 day moving average price of $236.68 and a 200-day moving average price of $262.08. The company has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a 12-month low of $151.67 and a 12-month 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 analysts' consensus estimates 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 net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the business earned $0.86 EPS. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 58,060 shares of company stock worth $13,461,875. Company insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of analyst reports. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective on the stock in a report on Monday, January 6th. DA Davidson raised their price target on MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. UBS Group set a $350.00 price objective on MongoDB in a research report on Tuesday, March 4th. Macquarie cut their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Truist Financial dropped their price target on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $312.84.

MongoDB Company 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.