896 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 896 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors also recently added to or reduced their stakes in MDB. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares during the period. Norges Bank acquired a new position in shares of MongoDB in the fourth quarter worth about $189,584,000. Amundi raised its holdings in shares of MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after acquiring an additional 321,186 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $90,478,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 5.6 %

MDB opened at $178.03 on Monday. The stock has a market cap of $14.45 billion, a PE ratio of -64.97 and a beta of 1.30. The stock’s 50 day simple moving average is $245.56 and its 200-day simple moving average is $265.95. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB) last issued its 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). The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the firm posted $0.86 earnings per share. Equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDB. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Stifel Nicolaus dropped their price target on MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Macquarie decreased their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. UBS Group set a $350.00 target price on MongoDB in a report on Tuesday, March 4th. Finally, Truist Financial decreased their price target on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.70.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total value of $713,190.00. Following the completion of the transaction, the director now owns 1,117,006 shares in the company, valued at approximately $265,545,836.38. The trade was a 0.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last three months. Company 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.