MongoDB, Inc. (NASDAQ:MDB) Position Raised by Primecap Management Co. CA

Primecap Management Co. CA lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,350 shares of the company's stock after acquiring an additional 20,100 shares during the period. Primecap Management Co. CA owned 0.12% of MongoDB worth $21,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of MongoDB during the 4th quarter worth $606,000. Geode Capital Management LLC increased its stake in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after purchasing an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MongoDB during the third quarter worth about $4,366,000. Charles Schwab Investment Management Inc. boosted its stake in MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock worth $75,271,000 after buying an additional 7,575 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in MongoDB in the 4th quarter valued at about $3,515,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $4.94 during midday trading on Monday, reaching $197.48. The company had a trading volume of 2,163,335 shares, compared to its average volume of 1,703,167. The stock has a market capitalization of $14.71 billion, a P/E ratio of -72.07 and a beta of 1.30. The stock's fifty day moving average price is $250.97 and its 200-day moving average price is $269.40. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

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MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business earned $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada decreased their price target on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Canaccord Genuity Group cut their target price on MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Wedbush lowered their price target on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $320.70.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 169 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB 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 completion of the transaction, the insider now directly owns 24,390 shares of the company's stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last quarter. 3.60% of the stock is owned by corporate insiders.

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.