MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 92.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,219 shares of the company's stock after purchasing an additional 2,025 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in MongoDB were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB during the 4th quarter valued at about $29,000. Hilltop National Bank boosted its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in MongoDB in the fourth quarter worth approximately $35,000. Versant Capital Management Inc increased its holdings in MongoDB by 1,100.0% during the 4th 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. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the 3rd quarter valued at $44,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

NASDAQ MDB traded up $0.02 on Thursday, reaching $172.19. 1,968,961 shares of the company's stock traded hands, compared to its average volume of 1,844,676. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of -62.84 and a beta of 1.49. The stock has a 50 day moving average price of $188.41 and a 200-day moving average price of $246.79.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company 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 period last year, the firm earned $0.86 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Bank of America cut their price target on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Oppenheimer lowered their price target on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Truist Financial cut their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Wedbush dropped their target price on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Scotiabank restated a "sector perform" rating and set a $160.00 price objective (down from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $294.78.

Insider Transactions at MongoDB

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the company's 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 transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,345 shares of company stock valued at $8,485,310 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.