Andra AP fonden Acquires 4,700 Shares of MongoDB, Inc. (NASDAQ:MDB)

Andra AP fonden increased its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 22.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,300 shares of the company’s stock after purchasing an additional 4,700 shares during the quarter. Andra AP fonden’s holdings in MongoDB were worth $8,750,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in MongoDB by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares during the period. Jennison Associates LLC lifted its holdings in MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. State Street Corp boosted its position in shares of MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after purchasing an additional 24,595 shares during the period. 1832 Asset Management L.P. increased its stake in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of MongoDB by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,000,665 shares of the company’s stock valued at $410,567,000 after purchasing an additional 33,376 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the transaction, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Michael Lawrence Gordon sold 21,496 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at $36,529,558.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $437.99, for a total value of $2,627,940.00. Following the sale, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,777 shares of company stock valued at $33,554,031. 4.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDB. Stifel Nicolaus restated a “buy” rating and issued a $450.00 price target on shares of MongoDB in a research note on Monday, December 4th. DA Davidson reiterated a “neutral” rating and issued a $405.00 price target on shares of MongoDB in a report on Friday, January 26th. Mizuho increased their price objective on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, December 6th. Royal Bank of Canada lifted their target price on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Finally, Truist Financial reissued a “buy” rating and set a $430.00 price target on shares of MongoDB in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $429.50.

Get Our Latest Report on MDB

MongoDB Stock Up 5.4 %

Shares of NASDAQ:MDB traded up $25.78 on Friday, reaching $500.90. The company had a trading volume of 2,145,822 shares, compared to its average volume of 1,376,178. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $36.15 billion, a PE ratio of -190.27 and a beta of 1.24. MongoDB, Inc. has a 52-week low of $189.59 and a 52-week high of $507.25. The firm’s 50 day simple moving average is $405.56 and its 200-day simple moving average is $381.86.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business earned ($1.23) EPS. As a group, analysts expect that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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