Resona Asset Management Co. Ltd. Takes $4.87 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Resona Asset Management Co. Ltd. bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,845 shares of the company's stock, valued at approximately $4,866,000.

Several other institutional investors and hedge funds have also bought and sold shares of MDB. Captrust Financial Advisors grew its stake in shares of MongoDB by 19.0% during the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company's stock worth $391,000 after acquiring an additional 231 shares during the last quarter. HighTower Advisors LLC boosted its stake in MongoDB by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 18,401 shares of the company's stock worth $4,986,000 after purchasing an additional 1,065 shares in the last quarter. Morse Asset Management Inc acquired a new position in MongoDB during the 3rd quarter valued at approximately $81,000. Weiss Asset Management LP purchased a new position in shares of MongoDB in the third quarter worth $217,000. Finally, National Bank of Canada FI lifted its stake in shares of MongoDB by 113.2% during the third quarter. National Bank of Canada FI now owns 15,441 shares of the company's stock worth $4,174,000 after buying an additional 8,198 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,015 shares of company stock worth $13,208,285 in the last three months. 3.60% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on MDB shares. Macquarie reduced their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Oppenheimer dropped their target price on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Daiwa America raised shares of MongoDB to a "strong-buy" rating in a research report on Tuesday, April 1st. Citigroup cut their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Finally, Wedbush cut their price target on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $310.74.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $0.30 during mid-day trading on Monday, reaching $161.94. 297,738 shares of the company's stock were exchanged, compared to its average volume of 1,797,100. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of -59.10 and a beta of 1.49. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $387.19. The company's 50-day moving average is $220.46 and its 200-day moving average is $255.98.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $0.86 earnings per share. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share 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.