Advent International L.P. Has $12.69 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Advent International L.P. increased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 51.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,500 shares of the company's stock after buying an additional 18,500 shares during the quarter. MongoDB comprises 0.3% of Advent International L.P.'s portfolio, making the stock its 18th largest holding. Advent International L.P. owned about 0.07% of MongoDB worth $12,688,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB during the 4th quarter valued at $606,000. Union Bancaire Privee UBP SA bought a new position in MongoDB during the fourth quarter valued at about $3,515,000. HighTower Advisors LLC boosted its stake in MongoDB by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after buying an additional 372 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in MongoDB by 428.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after acquiring an additional 4,665 shares during the period. Finally, Covea Finance bought a new stake in MongoDB in the fourth quarter worth about $3,841,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MongoDB news, insider Cedric Pech sold 1,690 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 value of $292,809.40. Following the sale, the insider now owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,345 shares of company stock worth $7,687,310 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Piper Sandler decreased their price target on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Bank of America cut their price objective on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Cantor Fitzgerald initiated coverage on MongoDB in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target for the company. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $294.78.

MongoDB Trading Up 0.7 %

Shares of NASDAQ:MDB traded up $1.20 during mid-day trading on Wednesday, reaching $173.42. The stock had a trading volume of 389,892 shares, compared to its average volume of 1,847,330. The firm has a market cap of $14.08 billion, a PE ratio of -63.36 and a beta of 1.49. The firm has a 50 day simple moving average of $181.04 and a two-hundred day simple moving average of $243.57. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly 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 firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the business earned $0.86 earnings per share. On average, equities 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.