AEGON ASSET MANAGEMENT UK Plc Acquires New Shares in MongoDB, Inc. (NASDAQ:MDB)

AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,239 shares of the company's stock, valued at approximately $5,126,000.

A number of other hedge funds also recently bought and sold shares of MDB. Vanguard Group Inc. increased its position in MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after buying an additional 181,962 shares during the period. Geode Capital Management LLC increased its holdings in shares of MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after buying an additional 22,106 shares during the last quarter. First Trust Advisors LP raised its position in shares of MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after buying an additional 95,893 shares during the period. Finally, Norges Bank acquired a new position in shares of MongoDB in the 4th quarter valued at $189,584,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

Shares of MDB traded up $25.65 during trading hours on Thursday, hitting $225.38. The stock had a trading volume of 13,169,003 shares, compared to its average volume of 1,944,481. The firm has a market cap of $18.30 billion, a P/E ratio of -82.26 and a beta of 1.40. The company's fifty day simple moving average is $175.65 and its 200 day simple moving average is $230.40. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at $1,109,903.56. This represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,203 shares of company stock worth $3,848,569. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Cantor Fitzgerald raised their price target on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday. Scotiabank upped their price target on MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a report on Thursday. Stifel Nicolaus lowered their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Bank of America upped their target price on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Morgan Stanley dropped their target price on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $282.00.

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.