Amundi Buys 321,186 Shares of MongoDB, Inc. (NASDAQ:MDB)

Amundi boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 86.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 693,740 shares of the company’s stock after purchasing an additional 321,186 shares during the period. Amundi’s holdings in MongoDB were worth $172,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MDB. Intellectus Partners LLC lifted its position in shares of MongoDB by 119.7% during the 4th quarter. Intellectus Partners LLC now owns 3,800 shares of the company’s stock valued at $885,000 after buying an additional 2,070 shares during the last quarter. Banco Santander S.A. raised its stake in MongoDB by 23.6% in the 4th quarter. Banco Santander S.A. now owns 3,866 shares of the company’s stock valued at $900,000 after acquiring an additional 738 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in MongoDB by 13.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 62,335 shares of the company’s stock valued at $14,739,000 after purchasing an additional 7,183 shares during the last quarter. Machina Capital S.A.S. bought a new position in MongoDB during the fourth quarter worth about $763,000. Finally, Andra AP fonden purchased a new position in shares of MongoDB in the fourth quarter worth about $2,607,000. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Performance

Shares of MongoDB stock opened at $187.65 on Monday. MongoDB, Inc. has a 52-week low of $181.05 and a 52-week high of $387.19. The company has a fifty day moving average of $261.68 and a 200-day moving average of $274.47. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of -68.49 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) 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 analysts’ expectations 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 in the previous year, the company earned $0.86 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated 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 represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,314 shares of company stock worth $12,981,833 in the last ninety days. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MDB. Wedbush dropped their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday. Scotiabank reaffirmed a “sector perform” rating and issued a $240.00 price target (down from $275.00) on shares of MongoDB in a report on Wednesday. Bank of America decreased their price objective on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Finally, Macquarie reduced their target price on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $319.87.

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.