Thematics Asset Management Acquires 44,061 Shares of MongoDB, Inc. (NASDAQ:MDB)

Thematics Asset Management grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,313 shares of the company's stock after purchasing an additional 44,061 shares during the quarter. MongoDB makes up 1.3% of Thematics Asset Management's portfolio, making the stock its 20th largest holding. Thematics Asset Management owned about 0.18% of MongoDB worth $30,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB during the fourth quarter valued at about $29,000. Hilltop National Bank boosted its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter valued at $35,000. Versant Capital Management Inc grew its stake in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB in the 3rd quarter valued at approximately $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ MDB traded up $10.57 during mid-day trading on Wednesday, hitting $162.72. The company's stock had a trading volume of 2,977,824 shares, compared to its average volume of 1,828,427. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of -59.38 and a beta of 1.49. The company's fifty day simple moving average is $202.52 and its 200-day simple moving average is $250.93.

MongoDB (NASDAQ:MDB - Get Free Report) last posted 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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reduced their price target on MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Oppenheimer lowered their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Royal Bank of Canada decreased their price target on MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. China Renaissance assumed coverage on MongoDB in a report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 target price for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $297.28.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction dated 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 owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,680 shares of company stock valued at $10,819,027. Corporate insiders own 3.60% of the company's stock.

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.