Candriam S.C.A. Acquires 3,437 Shares of MongoDB, Inc. (NASDAQ:MDB)

Candriam S.C.A. grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,639 shares of the company’s stock after purchasing an additional 3,437 shares during the quarter. Candriam S.C.A.’s holdings in MongoDB were worth $33,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MDB. Jennison Associates LLC boosted its stake in MongoDB by 23.6% during the 3rd 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 during the last quarter. Raymond James Financial Inc. bought a new position in MongoDB during the 4th quarter worth approximately $90,478,000. Assenagon Asset Management S.A. boosted its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Avala Global LP bought a new position in MongoDB during the 3rd quarter worth approximately $47,960,000. Finally, Eagle Asset Management Inc. bought a new position in MongoDB during the 3rd quarter worth approximately $44,380,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, 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 transaction, the insider now directly owns 24,390 shares in the company, valued at $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 is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,314 shares of company stock valued at $13,337,753. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MDB shares. Stifel Nicolaus lifted their price target on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Tigress Financial lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Mizuho lifted their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.83.

MongoDB Price Performance

MongoDB stock opened at $264.13 on Thursday. The business has a 50 day moving average of $263.70 and a 200-day moving average of $275.28. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $424.00. The company has a market capitalization of $19.67 billion, a P/E ratio of -96.40 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue was up 22.3% compared to the same quarter last year. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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.