Robeco Institutional Asset Management B.V. Purchases 5,147 Shares of MongoDB, Inc. (NASDAQ:MDB)

Robeco Institutional Asset Management B.V. boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,179 shares of the company's stock after buying an additional 5,147 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in MongoDB were worth $3,999,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after acquiring an additional 294,228 shares in the last quarter. Avala Global LP acquired a new position in shares of MongoDB during the third quarter worth approximately $47,960,000. Eagle Asset Management Inc. bought a new position in shares of MongoDB in the 3rd quarter worth $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in MongoDB in the 3rd quarter valued at $25,636,000. Institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the sale, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $60,840,147.06. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,319 shares of MongoDB stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $285.92, for a total transaction of $377,128.48. Following the completion of the transaction, the director now directly owns 87,744 shares of the company's stock, valued at $25,087,764.48. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,491 shares of company stock valued at $10,745,480 in the last three months. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of MongoDB from $325.00 to $360.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Cantor Fitzgerald started coverage on shares of MongoDB in a research report on Friday, January 17th. They issued an "overweight" rating and a $344.00 price objective for the company. Piper Sandler reissued an "overweight" rating and set a $425.00 target price on shares of MongoDB in a research report on Tuesday, December 10th. Barclays reduced their target price on MongoDB from $400.00 to $330.00 and set an "overweight" rating for the company in a report on Friday, January 10th. Finally, Loop Capital boosted their price objective on MongoDB from $315.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $361.00.

MongoDB Trading Up 2.2 %

NASDAQ MDB traded up $6.06 during trading on Wednesday, hitting $282.03. The company had a trading volume of 1,508,549 shares, compared to its average volume of 1,605,520. The company's fifty day moving average is $269.75 and its 200-day moving average is $270.24. The company has a market cap of $21.00 billion, a price-to-earnings ratio of -102.93 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates 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 was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

About MongoDB

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.