Sumitomo Mitsui Trust Holdings Inc. Acquires 4,600 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,693 shares of the company’s stock after purchasing an additional 4,600 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of MongoDB worth $73,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. Jennison Associates LLC raised its stake in shares of MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after acquiring an additional 1,745,231 shares during the last quarter. 1832 Asset Management L.P. raised 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 valued at $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Norges Bank bought a new position in shares of MongoDB in the fourth quarter valued at approximately $147,735,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of MongoDB by 77.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after purchasing an additional 248,133 shares in the last quarter. Finally, Dorsal Capital Management LLC increased its holdings in shares of MongoDB by 100.0% in the fourth quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock valued at $78,736,000 after purchasing an additional 200,000 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now directly owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold 92,802 shares of company stock valued at $36,356,911 in the last three months. 4.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on MDB shares. Stifel Nicolaus reissued a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. UBS Group reissued a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Guggenheim raised their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Tigress Financial lifted their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $448.74.

MongoDB Stock Down 2.0 %

MDB opened at $342.75 on Thursday. MongoDB, Inc. has a 12 month low of $212.52 and a 12 month high of $509.62. The firm’s fifty day simple moving average is $399.36 and its 200 day simple moving average is $390.78. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. On average, research analysts expect that MongoDB, Inc. will post -2.53 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.