5,205 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Altshuler Shaham Ltd

Altshuler Shaham Ltd acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,205 shares of the company’s stock, valued at approximately $1,212,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $189,584,000. Marshall Wace LLP acquired a new stake in MongoDB in the fourth quarter worth $110,356,000. Raymond James Financial Inc. bought a new position in shares of MongoDB during the fourth quarter worth $90,478,000. Amundi grew its holdings in shares of MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB opened at $160.04 on Thursday. The company’s 50-day moving average is $213.23 and its 200-day moving average is $253.88. The firm has a market capitalization of $12.99 billion, a PE ratio of -58.41 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week 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 the consensus estimate 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 company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the business earned $0.86 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Daiwa America raised MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Loop Capital lowered their target price on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Bank of America cut their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Piper Sandler lowered their price objective on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, Tigress Financial lifted their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.97.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,015 shares of company stock valued at $13,208,285 over the last quarter. 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.