Harel Insurance Investments & Financial Services Ltd. Has $534,000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6,108.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,042 shares of the company's stock after purchasing an additional 2,993 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in MongoDB were worth $534,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the period. Franklin Resources Inc. raised its position in shares of MongoDB by 9.7% during the fourth 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 last quarter. Geode Capital Management LLC lifted its stake in shares of MongoDB by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after buying an additional 22,106 shares during the period. First Trust Advisors LP grew its position in MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after buying an additional 95,893 shares in the last quarter. Finally, Norges Bank acquired a new stake in MongoDB during the fourth quarter worth about $189,584,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Up 3.2%

NASDAQ:MDB traded up $6.62 during trading hours on Friday, hitting $211.05. 1,522,935 shares of the stock were exchanged, compared to its average volume of 1,961,962. The company has a market capitalization of $17.24 billion, a P/E ratio of -185.13 and a beta of 1.41. The company's 50 day moving average is $195.41 and its two-hundred day moving average is $215.08. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other news, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. This represents a 8.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the sale, the director directly owned 1,107,006 shares of the company's stock, valued at approximately $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,999 shares of company stock valued at $6,728,127. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MDB shares. Piper Sandler raised their price objective on MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Mizuho reduced their target price on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. UBS Group boosted their price target on shares of MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Daiwa America upgraded shares of MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $282.47.

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.