Generali Investments Towarzystwo Funduszy Inwestycyjnych Has $2.86 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,300 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. MongoDB makes up 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 17th largest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in MongoDB were worth $2,864,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDB. International Assets Investment Management LLC lifted its holdings in shares of MongoDB by 23,026.5% during the third quarter. International Assets Investment Management LLC now owns 38,390 shares of the company’s stock valued at $10,379,000 after acquiring an additional 38,224 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of MongoDB by 18.4% during the third quarter. Assenagon Asset Management S.A. now owns 2,661 shares of the company’s stock valued at $719,000 after acquiring an additional 414 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after acquiring an additional 40 shares during the period. abrdn plc lifted its holdings in shares of MongoDB by 55.6% during the third quarter. abrdn plc now owns 41,875 shares of the company’s stock valued at $11,144,000 after acquiring an additional 14,966 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of MongoDB by 112.5% in the third quarter. China Universal Asset Management Co. Ltd. now owns 937 shares of the company’s stock valued at $253,000 after buying an additional 496 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Down 2.2 %

MongoDB stock opened at $262.41 on Friday. The firm has a market capitalization of $19.54 billion, a P/E ratio of -95.77 and a beta of 1.28. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $449.12. The business has a 50-day moving average of $261.95 and a 200-day moving average of $274.67.

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

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,979 shares of company stock worth $11,265,417. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MDB. Scotiabank cut their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Barclays cut their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Oppenheimer lifted their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their price target on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Macquarie began coverage on MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $361.00.

About MongoDB

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.