KBC Group NV Has $3.82 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

KBC Group NV grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,766 shares of the company's stock after purchasing an additional 3,687 shares during the period. KBC Group NV's holdings in MongoDB were worth $3,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB during the 4th quarter valued at $29,000. Coppell Advisory Solutions LLC increased its position in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after purchasing an additional 182 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after purchasing an additional 134 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of MongoDB by 72.0% during the 4th 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 last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in MongoDB in the fourth quarter worth $97,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JMP Securities reissued a "market outperform" rating and set a $345.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Stifel Nicolaus reduced their price target on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group lowered their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Truist Financial cut their price target on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Loop Capital cut shares of MongoDB from a "buy" rating to a "hold" rating and decreased their price objective for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Eight analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $282.47.

Insider Activity

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business's 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 owned 1,107,006 shares in the company, valued at $259,039,404. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,999 shares of company stock worth $6,728,127. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Trading Up 3.2%

MDB stock traded up $6.62 during mid-day trading on Thursday, hitting $211.05. 1,522,935 shares of the company were exchanged, compared to its average volume of 1,957,715. The business has a 50 day simple moving average of $194.66 and a 200-day simple moving average of $215.72. The stock has a market capitalization of $17.25 billion, a PE ratio of -185.13 and a beta of 1.41. 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 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 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 4.09% and a negative return on equity of 3.16%. MongoDB's revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.