Vanguard Group Inc. Increases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Vanguard Group Inc. raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,328,745 shares of the company's stock after acquiring an additional 23,942 shares during the period. Vanguard Group Inc. owned about 9.84% of MongoDB worth $1,706,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MDB. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after purchasing an additional 34,814 shares during the last quarter. Amundi grew its holdings in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after purchasing an additional 321,186 shares in the last quarter. Raymond James Financial Inc. bought a new stake in MongoDB during the fourth quarter worth $90,478,000. Holocene Advisors LP increased its holdings in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock worth $98,030,000 after buying an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 11,057.0% during 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 last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on MDB shares. Morgan Stanley cut their target price on MongoDB from $350.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Scotiabank reaffirmed a "sector perform" rating and set a $240.00 target price (down previously from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Royal Bank of Canada decreased their price objective on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Citigroup reissued a "buy" rating on shares of MongoDB in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $319.87.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $3.14 during trading hours on Monday, hitting $174.89. 473,590 shares of the company's stock traded hands, compared to its average volume of 1,728,322. The firm has a market capitalization of $14.20 billion, a P/E ratio of -63.77 and a beta of 1.30. The business has a fifty day moving average price of $245.56 and a 200-day moving average price of $265.95. MongoDB, Inc. has a 1 year low of $171.36 and a 1 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares in the company, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total value of $2,229,445.80. Following the completion of the sale, the chief executive officer now owns 217,294 shares of the company's stock, valued at $58,121,799.12. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,139 shares of company stock worth $11,328,869. Insiders own 3.60% of the company's stock.

About MongoDB

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.