MongoDB, Inc. (NASDAQ:MDB) Position Increased by Prudential PLC

Prudential PLC increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 55.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,444 shares of the company’s stock after acquiring an additional 1,235 shares during the quarter. Prudential PLC’s holdings in MongoDB were worth $802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in MongoDB in the 4th quarter worth $35,000. Continuum Advisory LLC lifted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the 3rd quarter valued at $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ MDB opened at $147.38 on Tuesday. The stock has a market capitalization of $11.97 billion, a P/E ratio of -53.79 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19. The stock has a fifty day moving average of $234.34 and a 200-day moving average of $260.82.

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

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,060 shares of company stock valued at $13,461,875. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MDB shares. Loop Capital decreased their target price on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Robert W. Baird decreased their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Daiwa America upgraded MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on MongoDB in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price for the company. Finally, Piper Sandler dropped their price objective on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

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.