DSM Capital Partners LLC Invests $61,000 in MongoDB, Inc. (NASDAQ:MDB)

DSM Capital Partners LLC acquired a new position 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 firm acquired 148 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in MongoDB in the 4th quarter worth approximately $326,237,000. Clearbridge Investments LLC grew its stake in MongoDB by 10,827.8% in the 4th quarter. Clearbridge Investments LLC now owns 212,983 shares of the company’s stock worth $87,078,000 after acquiring an additional 211,034 shares during the period. Jennison Associates LLC grew its stake in MongoDB by 3.3% in the 4th quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock worth $1,576,876,000 after acquiring an additional 122,893 shares during the period. Quadrature Capital Ltd purchased a new stake in MongoDB in the 3rd quarter worth approximately $37,482,000. Finally, Federated Hermes Inc. grew its stake in MongoDB by 314.8% in the 3rd quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock worth $46,587,000 after acquiring an additional 102,225 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the sale, the director now directly owns 522,896 shares of the company’s stock, valued at approximately $198,256,018.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the sale, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MDB shares. KeyCorp decreased their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Loop Capital started coverage on shares of MongoDB in a report on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 price target on the stock. Citigroup lifted their price target on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Finally, DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and lifted their target price for the company from $405.00 to $430.00 in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $444.57.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $5.44 during trading on Friday, reaching $349.74. 1,336,915 shares of the company’s stock traded hands, compared to its average volume of 958,648. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a 12 month low of $273.00 and a 12 month high of $509.62. The company has a 50 day moving average of $357.70 and a 200-day moving average of $392.98. The stock has a market capitalization of $25.47 billion, a P/E ratio of -141.02 and a beta of 1.19.

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

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.