Man Group plc Acquires 32,411 Shares of MongoDB, Inc. (NASDAQ:MDB)

Man Group plc boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 94.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,645 shares of the company’s stock after acquiring an additional 32,411 shares during the quarter. Man Group plc’s holdings in MongoDB were worth $15,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB in the fourth quarter worth approximately $29,000. NCP Inc. purchased a new stake in MongoDB in the fourth quarter worth approximately $35,000. Coppell Advisory Solutions LLC boosted its holdings in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after purchasing an additional 182 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after purchasing an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in MongoDB by 57.4% in the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after purchasing an additional 140 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 0.4%

MDB stock opened at $191.29 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $379.06. The company has a 50-day moving average price of $174.91 and a 200 day moving average price of $238.95. The stock has a market cap of $15.53 billion, a PE ratio of -69.81 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released 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). The company had revenue of $548.40 million during the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.86 earnings per share. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MDB. China Renaissance assumed coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 target price on the stock. Robert W. Baird decreased their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Daiwa Capital Markets assumed coverage on shares of MongoDB in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Bank of America decreased their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Eight 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.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $293.91.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at $46,597,930.48. The trade was a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,423 shares of company stock valued at $7,148,369 in the last three months. 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.