Rheos Capital Works Inc. Acquires 15,000 Shares of MongoDB, Inc. (NASDAQ:MDB)

Rheos Capital Works Inc. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in MongoDB were worth $19,090,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Jennison Associates LLC lifted its holdings in MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after buying an additional 592,038 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares in the last quarter. Avala Global LP purchased a new stake in shares of MongoDB in the third quarter valued at approximately $47,960,000. Eagle Asset Management Inc. bought a new position in MongoDB in the third quarter worth approximately $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in MongoDB during the 3rd quarter worth $25,636,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $60,840,147.06. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,491 shares of company stock valued at $10,745,480. 3.60% of the stock is owned by company insiders.

MongoDB Stock Up 0.8 %

MongoDB stock opened at $273.32 on Monday. The business’s 50-day moving average price is $272.39 and its 200 day moving average price is $269.91. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MDB. Rosenblatt Securities began coverage on MongoDB in a report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price for the company. Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a report on Monday, December 16th. Needham & Company LLC upped their price target on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. KeyCorp boosted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Loop Capital increased their target price on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

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.