Sumitomo Mitsui Trust Group Inc. Purchases 21,308 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,443 shares of the company's stock after purchasing an additional 21,308 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of MongoDB worth $45,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. Jennison Associates LLC boosted its position in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after acquiring an additional 592,038 shares during the period. Geode Capital Management LLC boosted its position in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after acquiring an additional 34,814 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of MongoDB by 1.5% in the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock valued at $134,161,000 after acquiring an additional 7,526 shares during the period. Holocene Advisors LP boosted its position in shares of MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock valued at $98,030,000 after acquiring an additional 66,730 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of MongoDB by 11,057.0% in 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 during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

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

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup raised their target price on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Wedbush upgraded MongoDB to a "strong-buy" rating in a research note on Thursday, October 17th. Robert W. Baird raised their target price on MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on MongoDB in a research note on Friday, January 17th. They issued an "overweight" rating and a $344.00 target price for the company. Finally, Canaccord Genuity Group raised their target price on MongoDB from $325.00 to $385.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $361.00.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the transaction, the director now directly owns 1,112,006 shares of the company's stock, valued at approximately $313,163,129.72. The trade was a 0.09 % decrease in their position. 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 169 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,094 shares of company stock valued at $11,705,293 in the last 90 days. 3.60% of the stock is currently owned by insiders.

MongoDB Company 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.