MongoDB, Inc. (NASDAQ:MDB) Stock Position Boosted by Global Retirement Partners LLC

Global Retirement Partners LLC raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 1,591.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,945 shares of the company’s stock after buying an additional 1,830 shares during the period. Global Retirement Partners LLC’s holdings in MongoDB were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MDB. Jennison Associates LLC raised its position in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of MongoDB by 2.9% in 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 in the last quarter. Westfield Capital Management Co. LP boosted its holdings in MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after buying an additional 7,526 shares in the last quarter. Holocene Advisors LP boosted its holdings in 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. grew its position in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after buying an additional 294,228 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,979 shares of company stock valued at $11,265,417. 3.60% of the stock is owned by company insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $273.26 on Monday. The stock’s 50-day moving average is $261.71 and its 200-day moving average is $274.31. The company has a market cap of $20.35 billion, a P/E ratio of -99.73 and a beta of 1.28. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.70.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the firm posted $0.96 EPS. The company’s revenue was up 22.3% on a year-over-year basis. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MDB. Wells Fargo & Company raised their price objective on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Barclays decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Tigress Financial upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. China Renaissance began coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective on the stock. Finally, Macquarie assumed coverage on MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $361.00.

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.