Valliance Asset Management Ltd Acquires New Position in MongoDB, Inc. (NASDAQ:MDB)

Valliance Asset Management Ltd bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,200 shares of the company’s stock, valued at approximately $491,000. MongoDB comprises approximately 17.5% of Valliance Asset Management Ltd’s investment portfolio, making the stock its 3rd biggest holding.

Several other institutional investors also recently made changes to their positions in MDB. Jennison Associates LLC grew its holdings in shares of MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after buying an additional 1,017,969 shares during the period. Norges Bank acquired a new position in shares of MongoDB during the fourth quarter worth approximately $147,735,000. T. Rowe Price Investment Management Inc. boosted its position in shares of MongoDB by 77.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock worth $111,964,000 after buying an additional 248,133 shares during the period. Finally, Dorsal Capital Management LLC boosted its position in shares of MongoDB by 100.0% during the fourth quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock worth $78,736,000 after buying an additional 200,000 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Down 0.7 %

Shares of NASDAQ MDB traded down $2.32 during mid-day trading on Wednesday, reaching $347.48. The company had a trading volume of 490,848 shares, compared to its average volume of 1,378,127. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market capitalization of $25.31 billion, a PE ratio of -140.67 and a beta of 1.19. The stock’s 50 day moving average is $399.36 and its 200-day moving average is $390.78.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp boosted their price objective on MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Redburn Atlantic restated a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Citigroup upped their target price on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Finally, DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and upped their target price for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.74.

Insider Activity at MongoDB

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the transaction, the chief executive officer now directly owns 198,166 shares in the company, valued at $80,409,817.82. The disclosure for this sale can be found here. Insiders sold a total of 92,802 shares of company stock valued at $36,356,911 over the last quarter. Corporate insiders own 4.80% 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.