Assenagon Asset Management S.A. Has $64.78 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Assenagon Asset Management S.A. grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,313 shares of the company's stock after acquiring an additional 72,424 shares during the period. Assenagon Asset Management S.A. owned about 0.45% of MongoDB worth $64,778,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB in the 4th quarter valued at about $29,000. NCP Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at about $35,000. Coppell Advisory Solutions LLC boosted its holdings in shares of MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after buying an additional 182 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after buying an additional 134 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock valued at $89,000 after buying an additional 140 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 2.4%

Shares of MongoDB stock traded down $5.03 during trading on Friday, hitting $205.63. The stock had a trading volume of 1,567,544 shares, compared to its average volume of 1,954,969. The stock has a 50 day simple moving average of $180.65 and a 200 day simple moving average of $227.04. The company has a market capitalization of $16.69 billion, a PE ratio of -75.05 and a beta of 1.39. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for 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 firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of analyst reports. Robert W. Baird reduced their target price on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Truist Financial reduced their target price on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Macquarie reissued a "neutral" rating and set a $230.00 target price (up from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Monness Crespi & Hardt raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 target price for the company in a research note on Thursday, June 5th. Finally, KeyCorp lowered shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eight equities 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $282.47.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the sale, the chief executive officer now directly owns 256,974 shares of the company's stock, valued at approximately $60,131,916. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,208 shares of company stock valued at $10,167,739. Corporate insiders own 3.10% 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.