Royal London Asset Management Ltd. Has $7.01 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Royal London Asset Management Ltd. raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,096 shares of the company's stock after acquiring an additional 2,266 shares during the quarter. Royal London Asset Management Ltd.'s holdings in MongoDB were worth $7,007,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Avestar Capital LLC increased its holdings in MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares during the last quarter. Aigen Investment Management LP raised its position in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after purchasing an additional 55 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock valued at $627,000 after purchasing an additional 66 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company's stock worth $1,203,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

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MongoDB Stock Down 2.6 %

MongoDB stock traded down $5.02 during trading hours on Thursday, hitting $188.64. 1,318,776 shares of the company traded hands, compared to its average volume of 1,703,016. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The firm has a market cap of $14.05 billion, a P/E ratio of -68.85 and a beta of 1.30. The firm's 50-day simple moving average is $248.25 and its two-hundred day simple moving average is $267.64.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the business earned $0.86 earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In other news, insider Cedric Pech sold 287 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the sale, the chief financial officer now directly owns 79,062 shares of the company's stock, valued at approximately $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MDB shares. Morgan Stanley cut their price target on shares of MongoDB from $350.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. DA Davidson increased their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Bank of America lowered their price objective on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Needham & Company LLC reduced their target price on MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and an average target price of $320.70.

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.