MongoDB, Inc. (NASDAQ:MDB) Stake Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 287.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 55,736 shares of the company’s stock after buying an additional 41,339 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in MongoDB were worth $13,130,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rheos Capital Works Inc. boosted its position in MongoDB by 22.4% during the 4th quarter. Rheos Capital Works Inc. now owns 82,000 shares of the company’s stock worth $19,090,000 after acquiring an additional 15,000 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of MongoDB by 10.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,596 shares of the company’s stock worth $604,000 after purchasing an additional 235 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in MongoDB by 28.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 1,202 shares of the company’s stock valued at $280,000 after purchasing an additional 265 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in MongoDB in the 4th quarter valued at approximately $295,000. Finally, Forsta AP Fonden lifted its position in MongoDB by 26.3% in the 4th quarter. Forsta AP Fonden now owns 20,200 shares of the company’s stock worth $4,703,000 after buying an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDB. DA Davidson boosted their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Oppenheimer upped their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Finally, Rosenblatt Securities initiated coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Stock Performance

NASDAQ MDB opened at $278.10 on Friday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market cap of $20.71 billion, a PE ratio of -101.50 and a beta of 1.28. The firm has a 50-day simple moving average of $268.90 and a 200 day simple moving average of $270.32.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred 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 directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,319 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the completion of the sale, the director now directly owns 87,744 shares in the company, valued at approximately $25,087,764.48. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,491 shares of company stock valued at $11,543,480 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.