National Bank of Canada FI Has $4.17 Million Position in MongoDB, Inc. (NASDAQ:MDB)

National Bank of Canada FI boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 113.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,441 shares of the company's stock after purchasing an additional 8,198 shares during the period. National Bank of Canada FI's holdings in MongoDB were worth $4,174,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MDB. iA Global Asset Management Inc. increased its stake in MongoDB by 359.4% in the 3rd quarter. iA Global Asset Management Inc. now owns 33,100 shares of the company's stock valued at $8,949,000 after buying an additional 25,895 shares during the period. Weiss Asset Management LP purchased a new stake in shares of MongoDB during the third quarter worth $217,000. Sora Investors LLC acquired a new stake in MongoDB during the third quarter valued at $2,704,000. Quarry LP grew its stake in MongoDB by 443.3% in the third quarter. Quarry LP now owns 728 shares of the company's stock valued at $197,000 after purchasing an additional 594 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its position in MongoDB by 4.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 27,830 shares of the company's stock worth $7,524,000 after purchasing an additional 1,099 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, CRO Cedric Pech sold 302 shares of the firm's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares of the company's stock, valued at approximately $8,569,000. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,600 shares of company stock worth $7,611,849. Corporate insiders own 3.60% of the company's stock.

MongoDB Price Performance

MDB traded down $21.41 during mid-day trading on Friday, hitting $267.20. The stock had a trading volume of 5,018,644 shares, compared to its average volume of 1,529,791. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of -97.01 and a beta of 1.17. The stock's fifty day simple moving average is $293.13 and its 200-day simple moving average is $269.12.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. As a group, research analysts expect that MongoDB, Inc. will post -2.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Needham & Company LLC increased their price objective on MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday. Canaccord Genuity Group boosted their target price on MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday. Sanford C. Bernstein increased their price target on MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Finally, Citigroup upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $370.08.

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.