Mn Services Vermogensbeheer B.V. Buys 500 Shares of MongoDB, Inc. (NASDAQ:MDB)

Mn Services Vermogensbeheer B.V. raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,100 shares of the company’s stock after acquiring an additional 500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in MongoDB were worth $6,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of MongoDB in the 4th quarter worth about $606,000. Aigen Investment Management LP bought a new stake in shares of MongoDB in the 3rd quarter worth about $1,045,000. Geode Capital Management LLC increased its holdings in shares of MongoDB by 2.9% in the 3rd 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 last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MongoDB in the 3rd quarter worth about $4,366,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after buying an additional 7,575 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Up 1.9 %

NASDAQ MDB opened at $267.43 on Friday. The firm has a market cap of $19.92 billion, a PE ratio of -97.60 and a beta of 1.28. The company has a 50 day moving average price of $262.73 and a 200 day moving average price of $274.82. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $449.12.

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

Insider Buying and Selling

In other MongoDB news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the transaction, the director now owns 1,121,006 shares in the company, valued at $362,084,938. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,314 shares of company stock worth $13,494,863 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MDB shares. Tigress Financial lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird lifted their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price target on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays dropped their price target on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

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.