636 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Balentine LLC

Balentine LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 636 shares of the company’s stock, valued at approximately $260,000.

Several other large investors also recently modified their holdings of MDB. Norges Bank purchased a new stake in MongoDB in the fourth quarter worth $326,237,000. Jennison Associates LLC lifted its holdings in MongoDB by 3.3% during the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock valued at $1,576,876,000 after purchasing an additional 122,893 shares during the last quarter. Quadrature Capital Ltd bought a new position in MongoDB during the third quarter worth about $37,482,000. Federated Hermes Inc. raised its position in shares of MongoDB by 314.8% in the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock valued at $46,587,000 after purchasing an additional 102,225 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of MongoDB by 31,796.1% during the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after buying an additional 89,665 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 1.1 %

NASDAQ MDB opened at $361.28 on Thursday. MongoDB, Inc. has a 1 year low of $267.68 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business’s 50-day moving average is $358.09 and its 200 day moving average is $392.95. The stock has a market capitalization of $26.31 billion, a PE ratio of -145.68 and a beta of 1.19.

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

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the sale, the director now directly owns 523,896 shares in the company, valued at $190,179,486.96. The disclosure for this sale can be found here. Insiders have sold 46,802 shares of company stock worth $16,514,071 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their target price for the company from $405.00 to $430.00 in a report on Friday, March 8th. Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Truist Financial increased their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Bank of America cut their price objective on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $444.57.

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.