Mitsubishi UFJ Trust & Banking Corp Has $13.56 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,261 shares of the company’s stock after selling 3,810 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of MongoDB worth $13,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in MongoDB during the 4th quarter worth approximately $90,478,000. Amundi lifted its holdings in shares of MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after purchasing an additional 294,228 shares during the last quarter. Avala Global LP acquired a new stake in MongoDB in the third quarter valued at $47,960,000. Finally, LBP AM SA raised its position in MongoDB by 81.9% during the 4th quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after purchasing an additional 110,768 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MDB shares. 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. Wells Fargo & Company downgraded shares of 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 report on Thursday, March 6th. Needham & Company LLC decreased their price objective on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, January 6th. Finally, Bank of America lowered their price objective on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.70.

MongoDB Stock Down 5.6 %

MDB stock opened at $178.03 on Friday. The firm has a market cap of $13.26 billion, a PE ratio of -64.97 and a beta of 1.30. The business has a 50 day moving average of $245.56 and a 200-day moving average of $266.34. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19.

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 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 net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the company earned $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,139 shares of company stock valued at $11,328,869. Company insiders own 3.60% 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.