KBC Group NV Buys 890 Shares of MongoDB, Inc. (NASDAQ:MDB)

KBC Group NV grew its position in MongoDB, Inc. (NASDAQ:MDB) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,079 shares of the company’s stock after purchasing an additional 890 shares during the period. KBC Group NV’s holdings in MongoDB were worth $4,209,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MDB. Hilltop National Bank boosted its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Quarry LP boosted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in MongoDB during the 3rd quarter worth approximately $36,000. GAMMA Investing LLC raised its position in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC raised its position in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total value of $2,333,716.65. Following the completion of the transaction, the chief executive officer now owns 217,294 shares in the company, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,491 shares of company stock valued at $11,554,190 in the last quarter. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Down 2.6 %

Shares of MDB stock opened at $271.07 on Friday. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of -98.93 and a beta of 1.25. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The firm has a fifty day moving average of $274.45 and a 200-day moving average of $269.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. On average, equities analysts expect that MongoDB, Inc. will post -1.79 EPS for the current year.

Analysts Set New Price Targets

MDB has been the subject of a number of research reports. Oppenheimer raised their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Scotiabank dropped their target price on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. The Goldman Sachs Group increased their price target on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research report on Monday, December 16th. Finally, Macquarie began coverage on MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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.