Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,274 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in MongoDB, Inc. (NASDAQ:MDB) by 20.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,382 shares of the company’s stock after purchasing an additional 1,274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in MongoDB were worth $1,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDB. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter worth $36,000. GAMMA Investing LLC boosted its holdings in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Price Performance

MDB stock opened at $286.36 on Tuesday. The company has a market capitalization of $21.33 billion, a P/E ratio of -104.51 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The firm’s fifty day simple moving average is $267.08 and its 200-day simple moving average is $270.83.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. The company 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 firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the sale, the director now owns 1,113,006 shares in the company, valued at approximately $296,059,596. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. 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 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MDB. China Renaissance began coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Stifel Nicolaus increased their target price on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company increased their price objective on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $361.00.

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.