Tower Research Capital LLC TRC Has $1.88 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Tower Research Capital LLC TRC raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 554.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,077 shares of the company's stock after buying an additional 6,842 shares during the quarter. Tower Research Capital LLC TRC's holdings in MongoDB were worth $1,880,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of MongoDB by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after acquiring an additional 23,942 shares during the period. Franklin Resources Inc. boosted its holdings in MongoDB by 9.7% in the 4th 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 during the period. Geode Capital Management LLC grew its position in shares of MongoDB by 1.8% during the 4th 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. First Trust Advisors LP increased its holdings in shares of MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after purchasing an additional 95,893 shares during the period. Finally, Norges Bank bought a new position in shares of MongoDB during the fourth quarter worth approximately $189,584,000. Institutional investors own 89.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Robert W. Baird reduced their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Canaccord Genuity Group reduced their target price on MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Cantor Fitzgerald assumed coverage on MongoDB in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target for the company. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Citigroup decreased their target price on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $299.78.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $60,840,147.06. This represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the sale, the director now owns 1,113,006 shares of the company's stock, valued at $296,059,596. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,680 shares of company stock worth $10,819,027 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

MongoDB Price Performance

MongoDB stock opened at $152.15 on Wednesday. The firm has a market cap of $12.35 billion, a P/E ratio of -55.53 and a beta of 1.49. The stock's 50 day moving average is $202.52 and its 200 day moving average is $250.93. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the prior year, the company posted $0.86 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.

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