Nomura Asset Management Co. Ltd. Buys 2,341 Shares of MongoDB, Inc. (NASDAQ:MDB)

Nomura Asset Management Co. Ltd. raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,229 shares of the company's stock after purchasing an additional 2,341 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in MongoDB were worth $7,091,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MDB. MFA Wealth Advisors LLC purchased a new position in MongoDB during the second quarter worth about $25,000. Quarry LP grew its stake in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of MongoDB in the second quarter valued at about $35,000. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the third quarter valued at about $36,000. Finally, GAMMA Investing LLC boosted its holdings in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after buying an additional 93 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $7,611,849 in the last quarter. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDB. Mizuho increased their target price on MongoDB from $275.00 to $320.00 and gave the company a "neutral" rating in a report on Tuesday. JMP Securities restated a "market outperform" rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday. Barclays boosted their price objective on shares of MongoDB from $375.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday. Bank of America raised their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Canaccord Genuity Group raised their price objective on MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $370.08.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $21.42 during mid-day trading on Friday, reaching $267.19. 5,086,127 shares of the company traded hands, compared to its average volume of 1,534,332. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a market cap of $19.74 billion, a PE ratio of -97.51 and a beta of 1.17. The stock has a fifty day simple moving average of $293.13 and a 200-day simple moving average of $269.12.

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