4,439 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in MongoDB, purchasing 4,439 shares valued at approximately $779,000 during the first quarter.
• Despite this investment interest, MongoDB stock has decreased by 8.2% recently, trading at $209.18, with a notable range between a 52-week low of $140.78 and a high of $370.00.
• Analysts have established various price targets for MongoDB, with recent upgrades from multiple firms, reflecting a consensus target price of $281.31 and the majority rating the stock as a "Moderate Buy."

ASR Vermogensbeheer N.V. acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,439 shares of the company's stock, valued at approximately $779,000.

A number of other hedge funds also recently made changes to their positions in MDB. OneDigital Investment Advisors LLC grew its position in MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after acquiring an additional 39 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after buying an additional 75 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after purchasing an additional 77 shares during the period. Finally, Fifth Third Bancorp increased its position in MongoDB by 15.9% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Activity

In related news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the sale, the chief executive officer directly owned 236,557 shares in the company, valued at $57,693,886.73. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is owned by insiders.

MongoDB Trading Down 1.0%

Shares of MongoDB stock traded down $2.14 during trading hours on Thursday, reaching $205.29. 664,800 shares of the company's stock were exchanged, compared to its average volume of 2,312,309. The company has a 50 day moving average of $215.85 and a two-hundred day moving average of $210.41. The stock has a market cap of $16.77 billion, a P/E ratio of -180.04 and a beta of 1.44. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on MDB. Wolfe Research began coverage on shares of MongoDB in a research note on Wednesday, July 9th. They set an "outperform" rating and a $280.00 target price for the company. Morgan Stanley lowered their price target on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price for the company in a report on Thursday, April 17th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $320.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Nine investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $281.31.

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.