KBC Group NV Acquires 579 Shares of MongoDB, Inc. (NASDAQ:MDB)

KBC Group NV increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,189 shares of the company’s stock after purchasing an additional 579 shares during the quarter. KBC Group NV’s holdings in MongoDB were worth $4,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MFA Wealth Advisors LLC bought a new position in MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp increased its position in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the period. Quarry LP raised its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in MongoDB in the second quarter valued at $35,000. Finally, GAMMA Investing LLC boosted its position in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

MDB opened at $279.77 on Monday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of -92.64 and a beta of 1.15. The firm’s fifty day moving average price is $278.10 and its two-hundred day moving average price is $274.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the firm earned ($0.63) earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, analysts anticipate that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MDB shares. Scotiabank lifted their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Barclays lifted their target price on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group increased their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Finally, Piper Sandler boosted their target price on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $336.54.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $768,750.00. Following the sale, the director now directly owns 1,131,006 shares in the company, valued at $289,820,287.50. The trade was a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,281 shares of company stock worth $6,657,121 in the last 90 days. 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.