24,100 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, Holdings Channel reports. The fund bought 24,100 shares of the company’s stock, valued at approximately $5,611,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in MongoDB in the 4th quarter valued at $90,478,000. Amundi raised its position in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of 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 in the last quarter. Avala Global LP acquired a new position in MongoDB during the third quarter worth about $47,960,000. Finally, LBP AM SA grew its stake in MongoDB by 81.9% during the 4th quarter. LBP AM SA now owns 246,091 shares of the company’s stock valued at $57,292,000 after acquiring an additional 110,768 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the transaction, the chief financial officer now directly owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 over the last 90 days. 3.60% of the stock is owned by insiders.

MongoDB Trading Up 0.6 %

Shares of NASDAQ MDB opened at $198.66 on Wednesday. The stock has a market cap of $14.79 billion, a P/E ratio of -72.50 and a beta of 1.30. The business’s fifty day simple moving average is $249.24 and its 200-day simple moving average is $268.17. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the company earned $0.86 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MDB shares. Needham & Company LLC decreased their target price on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. UBS Group set a $350.00 price objective on MongoDB in a research note on Tuesday, March 4th. Mizuho upped their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Scotiabank reiterated a “sector perform” rating and set a $240.00 price target (down previously from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $320.70.

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.