MongoDB, Inc. (NASDAQ:MDB) Position Reduced by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its position in MongoDB, Inc. (NASDAQ:MDB) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,407 shares of the company’s stock after selling 206 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of MongoDB worth $9,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Avala Global LP acquired a new stake in shares of MongoDB during the 3rd quarter valued at $47,960,000. Eagle Asset Management Inc. acquired a new stake in shares of MongoDB during the 3rd quarter valued at $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of MongoDB during the 3rd quarter valued at $25,636,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Macquarie began coverage on shares of MongoDB in a research report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $425.00 target price on shares of MongoDB in a report on Tuesday, December 10th. Morgan Stanley increased their price objective on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Truist Financial reissued a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Finally, Citigroup increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Stock Performance

NASDAQ:MDB opened at $289.63 on Tuesday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $488.00. The stock has a fifty day moving average price of $261.45 and a 200-day moving average price of $272.51. The company has a market cap of $21.57 billion, a price-to-earnings ratio of -105.70 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $281.62, for a total value of $281,620.00. Following the transaction, the director now owns 1,112,006 shares in the company, valued at $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,094 shares of company stock worth $11,705,293. Corporate insiders own 3.60% of the company’s stock.

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.