MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.4% during the 4th quarter, Holdings Channel reports. The fund owned 10,987 shares of the company’s stock after purchasing an additional 664 shares during the period. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $2,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MDB. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. acquired a new position in MongoDB during the 4th quarter valued at about $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB during the 3rd quarter worth about $36,000. Continuum Advisory LLC lifted its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity

In other news, insider Cedric Pech sold 287 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 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 trade represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 2,581 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the sale, the chief executive officer now owns 217,294 shares of the company’s stock, valued at $50,866,352.46. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,314 shares of company stock worth $12,981,833 in the last three months. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Oppenheimer dropped their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Robert W. Baird cut their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Mizuho raised their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial dropped their price target on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

MongoDB Stock Down 5.6 %

Shares of NASDAQ:MDB opened at $185.10 on Friday. The firm has a fifty day moving average of $257.94 and a two-hundred day moving average of $272.48. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The firm has a market capitalization of $13.78 billion, a P/E ratio of -67.55 and a beta of 1.30.

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 the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.