Nisa Investment Advisors LLC Purchases 4,665 Shares of MongoDB, Inc. (NASDAQ:MDB)

Nisa Investment Advisors LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 428.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,755 shares of the company's stock after purchasing an additional 4,665 shares during the period. Nisa Investment Advisors LLC's holdings in MongoDB were worth $1,340,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MDB. Hilltop National Bank boosted its holdings 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 during the period. Tanager Wealth Management LLP raised its holdings in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock valued at $259,000 after acquiring an additional 43 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock worth $90,000 after purchasing an additional 47 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company's stock valued at $322,000 after purchasing an additional 59 shares in the last quarter. Finally, Fulton Bank N.A. lifted its position in MongoDB by 5.6% during the third quarter. Fulton Bank N.A. now owns 1,199 shares of the company's stock worth $324,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several analyst reports. Rosenblatt Securities initiated coverage on shares of MongoDB in a research report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 target price for the company. Piper Sandler reaffirmed an "overweight" rating and issued a $425.00 target price on shares of MongoDB in a report on Tuesday, December 10th. Robert W. Baird raised their price objective on MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut shares of MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a report on Monday, December 16th. Finally, Wells Fargo & Company lifted their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $361.00.

Insider Transactions at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company's stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 2,581 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the transaction, the chief executive officer now owns 217,294 shares of the company's stock, valued at $50,866,352.46. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,491 shares of company stock worth $11,554,190 in the last quarter. Insiders own 3.60% of the company's stock.

MongoDB Stock Performance

MDB traded up $2.70 during mid-day trading on Friday, reaching $273.77. 960,291 shares of the stock were exchanged, compared to its average volume of 1,615,629. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock has a market capitalization of $20.39 billion, a PE ratio of -100.03 and a beta of 1.25. The company has a 50 day moving average price of $274.45 and a two-hundred day moving average price of $269.62.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Sell-side analysts expect 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.