MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 66.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,574 shares of the company's stock after buying an additional 17,345 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of MongoDB worth $10,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in MongoDB during the 4th quarter worth approximately $35,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MongoDB by 1,100.0% in 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. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of MongoDB during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now directly owns 83,845 shares of the company's stock, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,857 shares of company stock worth $9,613,306 in the last three months. Company insiders own 3.60% of the company's stock.

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MongoDB Price Performance

MDB stock traded down $16.70 during midday trading on Thursday, hitting $163.49. The stock had a trading volume of 2,172,152 shares, compared to its average volume of 1,745,305. The company's 50-day moving average price is $240.77 and its 200 day moving average price is $263.72. The firm has a market cap of $13.27 billion, a PE ratio of -59.29 and a beta of 1.30. MongoDB, Inc. has a 12-month low of $160.47 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS 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 during the quarter, compared to analysts' expectations of $519.65 million. During the same period in the prior year, the firm earned $0.86 EPS. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MDB shares. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a report on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target for the company. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Finally, Oppenheimer reduced their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $312.84.

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.