MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 12.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 195,443 shares of the company’s stock after buying an additional 21,308 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in MongoDB were worth $45,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Geode Capital Management LLC boosted its position in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares during the period. Westfield Capital Management Co. LP grew its stake in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after buying an additional 7,526 shares during the last quarter. Holocene Advisors LP increased its position in MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after buying an additional 66,730 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MDB shares. Macquarie began coverage on shares of MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price target for the company. Canaccord Genuity Group upped their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities assumed coverage on MongoDB in a research report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $361.00.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 2,581 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the sale, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $50,866,352.46. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,491 shares of company stock valued at $11,543,480 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

MongoDB stock opened at $286.36 on Tuesday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $21.33 billion, a price-to-earnings ratio of -104.51 and a beta of 1.28. The company has a 50 day moving average price of $267.08 and a 200 day moving average price of $270.83.

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

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.