Sumitomo Mitsui DS Asset Management Company Ltd Grows Stake in MongoDB, Inc. (NASDAQ:MDB)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,382 shares of the company's stock after buying an additional 1,274 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in MongoDB were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock worth $295,000 after buying an additional 40 shares during the last quarter. Hilltop National Bank lifted its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Tanager Wealth Management LLP lifted its position in MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock valued at $259,000 after purchasing an additional 43 shares during the last quarter. Rakuten Securities Inc. lifted its position in MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock valued at $90,000 after purchasing an additional 47 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its position in MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company's stock valued at $322,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Down 1.1 %

Shares of NASDAQ MDB traded down $3.34 during trading on Friday, reaching $289.63. The company had a trading volume of 1,247,880 shares, compared to its average volume of 1,528,489. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $488.00. The stock has a market cap of $21.57 billion, a PE ratio of -105.70 and a beta of 1.28. The business's 50-day moving average is $263.74 and its 200 day moving average is $271.57.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Wedbush upgraded MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. Rosenblatt Securities assumed coverage on MongoDB in a research report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 price objective for the company. Scotiabank lowered their price objective on MongoDB from $350.00 to $275.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Finally, Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average target price of $361.00.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $349.17, for a total value of $698,340.00. Following the transaction, the director now owns 1,124,006 shares of the company's stock, valued at approximately $392,469,175.02. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,094 shares of company stock valued at $11,705,293 over the last ninety days. 3.60% of the stock is currently 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.