MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Boosted by Keybank National Association OH

Keybank National Association OH lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,234 shares of the company’s stock after acquiring an additional 270 shares during the period. Keybank National Association OH’s holdings in MongoDB were worth $753,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MDB. US Bancorp DE grew its position in shares of MongoDB by 9.1% during the third quarter. US Bancorp DE now owns 3,869 shares of the company’s stock worth $1,046,000 after acquiring an additional 324 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in MongoDB in the third quarter worth about $861,000. Principal Financial Group Inc. lifted its holdings in MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock worth $1,648,000 after purchasing an additional 160 shares during the period. Atria Investments Inc lifted its holdings in MongoDB by 6.6% in the third quarter. Atria Investments Inc now owns 2,175 shares of the company’s stock worth $588,000 after purchasing an additional 135 shares during the period. Finally, Covestor Ltd lifted its holdings in MongoDB by 32.0% in the third quarter. Covestor Ltd now owns 338 shares of the company’s stock worth $91,000 after purchasing an additional 82 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several research analyst reports. Barclays reduced their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group set a $350.00 price objective on shares of MongoDB in a report on Tuesday. The Goldman Sachs Group reduced their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday. China Renaissance assumed coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective for the company. Finally, Loop Capital cut their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $319.87.

MongoDB Price Performance

Shares of MDB opened at $187.65 on Friday. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of -68.49 and a beta of 1.30. MongoDB, Inc. has a fifty-two week low of $181.05 and a fifty-two week high of $387.19. The business’s 50-day moving average is $261.68 and its 200-day moving average is $274.38.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the company earned $0.86 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the 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 transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,314 shares of company stock worth $13,337,753. Insiders own 3.60% of the company’s stock.

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.