Korea Investment CORP Buys 9,936 Shares of MongoDB, Inc. (NASDAQ:MDB)

Korea Investment CORP boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,871 shares of the company's stock after purchasing 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.

Several other institutional investors have also added to or reduced their stakes in the business. Hilltop National Bank lifted 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 last quarter. Continuum Advisory LLC increased its stake in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares during the period. NCP Inc. purchased a new position in MongoDB in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in MongoDB in the third quarter valued at approximately $44,000. Finally, Versant Capital Management Inc boosted 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 valued at $42,000 after purchasing an additional 165 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of MongoDB stock traded down $16.72 during trading on Thursday, hitting $163.47. 2,017,998 shares of the company's stock traded hands, compared to its average volume of 1,744,615. MongoDB, Inc. has a 1 year low of $160.47 and a 1 year high of $387.19. The business has a 50-day simple moving average of $240.77 and a 200-day simple moving average of $263.72. The stock has a market capitalization of $13.27 billion, a P/E ratio of -59.66 and a beta of 1.30.

Remove Ads

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 for 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 period in the previous year, the business earned $0.86 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Mizuho boosted their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. DA Davidson increased their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Rosenblatt Securities reissued a "buy" rating and issued a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Finally, KeyCorp lowered MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $312.84.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $60,840,147.06. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the transaction, the director now owns 85,652 shares in the company, valued at $20,785,170.84. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,857 shares of company stock worth $9,613,306. Insiders own 3.60% of the company's stock.

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.