Russell Investments Group Ltd. Has $12.30 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Russell Investments Group Ltd. raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,804 shares of the company's stock after purchasing an additional 3,688 shares during the period. Russell Investments Group Ltd. owned 0.07% of MongoDB worth $12,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDB. Vanguard Group Inc. raised its holdings in MongoDB by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. lifted its holdings in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after purchasing an additional 181,962 shares in the last quarter. Geode Capital Management LLC grew its position in shares of MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after purchasing an additional 22,106 shares in the last quarter. Norges Bank purchased a new stake in MongoDB in the 4th quarter worth $189,584,000. Finally, Amundi grew its holdings in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after purchasing an additional 321,186 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

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Insider Activity at MongoDB

In other MongoDB news, 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. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,015 shares of company stock worth $13,208,285. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MDB shares. Monness Crespi & Hardt upgraded shares of MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Macquarie lowered their target price on MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Daiwa America raised shares of MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. The Goldman Sachs Group dropped their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Cantor Fitzgerald started coverage on shares of MongoDB in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $310.74.

MongoDB Stock Performance

MongoDB stock traded down $4.20 during mid-day trading on Monday, hitting $158.04. 1,865,974 shares of the company traded hands, compared to its average volume of 1,803,106. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The stock has a fifty day moving average price of $220.46 and a 200-day moving average price of $255.98. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of -57.68 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. Sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current 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.