Asset Management One Co. Ltd. Has $6.73 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Asset Management One Co. Ltd. decreased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,280 shares of the company's stock after selling 2,127 shares during the quarter. Asset Management One Co. Ltd.'s holdings in MongoDB were worth $6,726,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of MongoDB in the fourth quarter worth $29,000. Coppell Advisory Solutions LLC lifted its holdings in shares of MongoDB by 364.0% in the fourth 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 lifted its holdings in shares of MongoDB by 56.8% in the fourth 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. J.Safra Asset Management Corp lifted its holdings in shares of MongoDB by 72.0% in the fourth quarter. J.Safra Asset Management Corp now owns 387 shares of the company's stock valued at $91,000 after buying an additional 162 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of MongoDB in the fourth quarter valued at $97,000. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Up 0.3%

MDB stock traded up $0.72 during mid-day trading on Friday, hitting $209.92. The stock had a trading volume of 3,106,432 shares, compared to its average volume of 1,960,037. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a fifty day moving average of $190.83 and a 200 day moving average of $217.14. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of -184.14 and a beta of 1.39.

MongoDB (NASDAQ:MDB - Get Free Report) last issued 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. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period in the prior year, the firm posted $0.51 EPS. The business's revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of several research analyst reports. Oppenheimer cut their price objective on MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Mizuho cut their price objective on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Loop Capital lowered MongoDB from a "buy" rating to a "hold" rating and cut their price objective for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Monness Crespi & Hardt upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective for the company in a report on Thursday, June 5th. Finally, Bank of America upped their price objective on MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $282.47.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares in the company, valued at approximately $46,597,930.48. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,202 shares of company stock valued at $10,576,696 in the last three months. 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.