MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Aviva PLC

Aviva PLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 68.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,405 shares of the company's stock after purchasing an additional 17,992 shares during the quarter. Aviva PLC owned about 0.06% of MongoDB worth $10,338,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of MongoDB during the 4th quarter worth approximately $606,000. Geode Capital Management LLC raised its position in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after acquiring an additional 34,814 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in MongoDB in the fourth quarter valued at $3,515,000. HighTower Advisors LLC boosted its position in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after purchasing an additional 372 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after purchasing an additional 4,665 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Down 0.2 %

Shares of MongoDB stock traded down $0.30 during trading hours on Monday, reaching $161.94. The stock had a trading volume of 297,738 shares, compared to its average volume of 1,797,115. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of -59.10 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The firm has a 50 day simple moving average of $220.46 and a two-hundred day simple moving average of $255.98.

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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 earnings per share 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 business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the firm earned $0.86 earnings per share. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,015 shares of company stock valued at $13,208,285 over the last three months. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on MDB. Citigroup decreased their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Wedbush decreased their price target on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Macquarie dropped their price objective on MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. China Renaissance assumed coverage on MongoDB in a research report on Tuesday, January 21st. They set a "buy" rating and a $351.00 target price on the stock. Finally, Loop Capital lowered their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $310.74.

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.