MongoDB, Inc. (NASDAQ:MDB) Stake Lifted by Korea Investment CORP

Korea Investment CORP increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 20.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 58,871 shares of the company’s stock after buying an additional 9,936 shares during the quarter. Korea Investment CORP’s holdings in MongoDB were worth $13,706,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Parametrica Management Ltd bought a new stake in shares of MongoDB in the 4th quarter worth $365,000. Pier Capital LLC raised its position in MongoDB by 8.7% in the fourth quarter. Pier Capital LLC now owns 2,962 shares of the company’s stock worth $690,000 after acquiring an additional 236 shares in the last quarter. Vanguard Group Inc. raised its position in MongoDB by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after acquiring an additional 23,942 shares in the last quarter. Stevens Capital Management LP acquired a new stake in MongoDB in the 4th quarter valued at about $222,000. Finally, Fox Run Management L.L.C. boosted its position in shares of MongoDB by 21.4% during the 4th quarter. Fox Run Management L.L.C. now owns 6,757 shares of the company’s stock valued at $1,573,000 after purchasing an additional 1,189 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 5.6 %

MDB stock opened at $178.03 on Monday. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of -64.97 and a beta of 1.30. The firm has a 50 day moving average of $245.56 and a two-hundred day moving average of $265.95. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the prior year, the company posted $0.86 earnings per share. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price objective for the company. Wedbush decreased their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. UBS Group set a $350.00 target price on MongoDB in a report on Tuesday, March 4th. Finally, Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $320.70.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 169 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is owned by corporate insiders.

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.