Vanguard Group Inc. Acquires 23,942 Shares of MongoDB, Inc. (NASDAQ:MDB)

Vanguard Group Inc. increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,328,745 shares of the company’s stock after acquiring an additional 23,942 shares during the period. Vanguard Group Inc. owned approximately 0.10% of MongoDB worth $1,706,205,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of MongoDB in the 4th quarter worth approximately $606,000. Geode Capital Management LLC grew its stake in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in MongoDB during the fourth quarter valued at $3,515,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after buying an additional 4,665 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $193.66 on Thursday. The stock has a 50-day simple moving average of $248.25 and a two-hundred day simple moving average of $267.64. The firm has a market capitalization of $14.42 billion, a PE ratio of -70.68 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. 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 firm posted $0.86 earnings per share. Equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDB shares. Loop Capital lowered their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Mizuho lifted their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 price target on the stock. KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Piper Sandler dropped their target price on MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $320.70.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 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 $291,442.05. Following the completion of the transaction, the chief financial officer now directly owns 79,062 shares in the company, valued at $18,507,623.58. This represents a 1.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 169 shares of MongoDB 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 $39,561.21. Following the sale, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock valued at $11,328,869 over the last three months. Corporate insiders own 3.60% of the company’s stock.

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.