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

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 178,693 shares of the company’s stock after acquiring an additional 4,600 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in MongoDB were worth $73,059,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its position in shares of MongoDB by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after purchasing an additional 30 shares in the last quarter. Valley National Advisers Inc. raised its position in MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after acquiring an additional 33 shares during the period. Yousif Capital Management LLC grew its position in shares of MongoDB by 4.8% during the 3rd quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock valued at $264,000 after acquiring an additional 35 shares during the period. Choreo LLC grew its position in shares of MongoDB by 3.5% during the 3rd quarter. Choreo LLC now owns 1,076 shares of the company’s stock valued at $372,000 after acquiring an additional 36 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of MongoDB by 38.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after acquiring an additional 36 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Down 2.0 %

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

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. Equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MDB. Citigroup increased their target price on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Redburn Atlantic reissued a “sell” rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. KeyCorp increased their target price on shares of MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and increased their target price for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $448.74.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the director now directly owns 1,156,784 shares in the company, valued at approximately $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 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

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.