MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Lbp Am Sa

Lbp Am Sa grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 81.9% during the fourth quarter, Holdings Channel reports. The firm owned 246,091 shares of the company’s stock after acquiring an additional 110,768 shares during the quarter. MongoDB comprises 0.8% of Lbp Am Sa’s portfolio, making the stock its 29th largest holding. Lbp Am Sa’s holdings in MongoDB were worth $57,292,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ grew its position in MongoDB by 12.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 24,286 shares of the company’s stock valued at $5,683,000 after buying an additional 2,600 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in MongoDB during the fourth quarter valued at about $1,668,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of MongoDB in the fourth quarter worth approximately $2,063,000. Rakuten Securities Inc. lifted its position in shares of MongoDB by 48.5% in the fourth quarter. Rakuten Securities Inc. now owns 493 shares of the company’s stock worth $115,000 after purchasing an additional 161 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of MongoDB by 18.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,328 shares of the company’s stock worth $309,000 after purchasing an additional 211 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays cut their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. DA Davidson lifted their price objective on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Oppenheimer cut their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, UBS Group set a $350.00 price objective on MongoDB in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Insider Activity

In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the 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 sale, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,314 shares of company stock valued at $12,981,833 in the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $185.10 on Friday. The firm has a market cap of $13.78 billion, a P/E ratio of -67.55 and a beta of 1.30. The stock’s 50 day moving average is $257.94 and its 200 day moving average is $272.48. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19.

MongoDB (NASDAQ:MDB) last announced 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). 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 the consensus estimate of $519.65 million. During the same quarter last year, the company posted $0.86 EPS. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB Company 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.