16,700 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by Freemont Management S.A.

Freemont Management S.A. acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 16,700 shares of the company’s stock, valued at approximately $6,828,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. DSM Capital Partners LLC bought a new stake in shares of MongoDB during the 4th quarter worth $61,000. Hsbc Holdings PLC raised its position in MongoDB by 99.6% in the fourth quarter. Hsbc Holdings PLC now owns 42,607 shares of the company’s stock valued at $17,523,000 after purchasing an additional 21,264 shares during the last quarter. Insight Holdings Group LLC bought a new position in MongoDB in the fourth quarter valued at about $1,104,000. Westfield Capital Management Co. LP raised its position in MongoDB by 2.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 147,377 shares of the company’s stock valued at $60,255,000 after purchasing an additional 4,009 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in MongoDB by 16.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 21,227 shares of the company’s stock valued at $8,679,000 after purchasing an additional 2,942 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the transaction, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the transaction, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 9,316 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $3,243,085.92. Following the completion of the transaction, the chief financial officer now owns 83,511 shares in the company, valued at approximately $29,071,849.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,802 shares of company stock worth $16,514,071. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Down 1.5 %

NASDAQ:MDB traded down $5.44 on Friday, hitting $349.74. The stock had a trading volume of 1,336,915 shares, compared to its average volume of 958,648. The business’s fifty day moving average is $357.70 and its 200 day moving average is $393.14. The company has a market cap of $25.47 billion, a PE ratio of -141.02 and a beta of 1.19. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 52 week low of $273.00 and a 52 week high of $509.62.

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

Analyst Upgrades and Downgrades

MDB has been the subject of several research reports. Citigroup increased their target price on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp dropped their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Tigress Financial increased their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Guggenheim increased their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Finally, DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and increased their price target for the company from $405.00 to $430.00 in a research note on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $444.57.

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.