Geode Capital Management LLC Has $290.99 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Geode Capital Management LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,252,142 shares of the company’s stock after buying an additional 22,106 shares during the quarter. Geode Capital Management LLC’s holdings in MongoDB were worth $290,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of MongoDB during the 4th quarter worth approximately $606,000. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the fourth quarter worth $3,515,000. Nisa Investment Advisors LLC boosted its holdings in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after purchasing an additional 4,665 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after purchasing an additional 372 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of MongoDB by 9.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 26,229 shares of the company’s stock worth $7,091,000 after buying an additional 2,341 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MDB. UBS Group set a $350.00 price objective on MongoDB in a research note on Tuesday, March 4th. Daiwa Capital Markets started coverage on shares of MongoDB in a report on Tuesday, April 1st. They set an “outperform” rating and a $202.00 price target on the stock. Truist Financial dropped their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, March 31st. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley dropped their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $312.84.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the transaction, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. The trade was a 6.44 % decrease in their position. 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 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock valued at $13,461,875 over the last ninety days. 3.60% of the stock is owned by company insiders.

MongoDB Stock Down 5.5 %

NASDAQ:MDB opened at $154.39 on Friday. The firm has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $151.52 and a twelve month high of $387.19. The company has a fifty day moving average of $236.68 and a 200-day moving average of $261.91.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the company earned $0.86 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 EPS 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.