Natixis Advisors LLC Purchases 9,093 Shares of MongoDB, Inc. (NASDAQ:MDB)

Natixis Advisors LLC boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,397 shares of the company's stock after purchasing an additional 9,093 shares during the period. Natixis Advisors LLC's holdings in MongoDB were worth $6,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LBP AM SA raised its holdings in MongoDB by 81.9% during the fourth quarter. LBP AM SA now owns 246,091 shares of the company's stock worth $57,292,000 after acquiring an additional 110,768 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of MongoDB by 12.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 24,286 shares of the company's stock worth $5,683,000 after purchasing an additional 2,600 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of MongoDB during the 4th quarter worth approximately $1,668,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $2,063,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of MongoDB by 48.5% in the 4th quarter. Rakuten Securities Inc. now owns 493 shares of the company's stock valued at $115,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley dropped their target price on shares of MongoDB from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. UBS Group set a $350.00 price target on MongoDB in a report on Tuesday, March 4th. Oppenheimer lowered their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Loop Capital cut their price objective on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $320.70.

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Insider Activity

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares of the company's stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the sale, the chief financial officer now directly owns 79,062 shares in the company, valued at approximately $18,507,623.58. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,139 shares of company stock worth $11,328,869. Insiders own 3.60% of the company's stock.

MongoDB Price Performance

Shares of MDB stock traded up $1.18 on Tuesday, hitting $198.66. 1,213,496 shares of the company's stock were exchanged, compared to its average volume of 1,706,311. The company has a 50 day moving average of $249.24 and a 200 day moving average of $268.17. The stock has a market cap of $14.79 billion, a P/E ratio of -72.50 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 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 the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the company posted $0.86 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.