MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,639 shares of the company’s stock after buying an additional 3,437 shares during the period. Candriam S.C.A. owned about 0.19% of MongoDB worth $33,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares during the last quarter. US Bancorp DE boosted its holdings in shares of MongoDB by 9.1% in the 3rd quarter. US Bancorp DE now owns 3,869 shares of the company’s stock valued at $1,046,000 after buying an additional 324 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at about $861,000. Principal Financial Group Inc. boosted its holdings in shares of MongoDB by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock valued at $1,648,000 after buying an additional 160 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of MongoDB by 6.6% in the 3rd quarter. Atria Investments Inc now owns 2,175 shares of the company’s stock valued at $588,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $264.13 on Thursday. The firm has a fifty day moving average price of $263.70 and a two-hundred day moving average price of $275.28. The company has a market cap of $19.67 billion, a PE ratio of -96.40 and a beta of 1.30. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $424.00.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MDB shares. The Goldman Sachs Group lifted their price target on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup boosted their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $425.00 price target on shares of MongoDB in a research note on Tuesday, December 10th. DA Davidson upped their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price target on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $361.83.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,314 shares of company stock valued at $13,337,753. Company insiders own 3.60% of the company’s stock.

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.