Mackenzie Financial Corp Has $1.33 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Mackenzie Financial Corp grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,731 shares of the company's stock after acquiring an additional 1,854 shares during the quarter. Mackenzie Financial Corp's holdings in MongoDB were worth $1,334,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of MongoDB by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after buying an additional 372 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of MongoDB by 68.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after purchasing an additional 413 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 134 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $295,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of MongoDB by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock valued at $272,000 after buying an additional 133 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. This represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,203 shares of company stock valued at $4,660,459 in the last 90 days. 3.60% of the stock is currently owned by insiders.

MongoDB Price Performance

MongoDB stock traded down $2.24 during mid-day trading on Friday, hitting $187.12. The company's stock had a trading volume of 2,627,437 shares, compared to its average volume of 1,891,587. The firm's 50 day moving average is $174.13 and its 200 day moving average is $231.89. The company has a market cap of $15.19 billion, a PE ratio of -68.29 and a beta of 1.49. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the business earned $0.86 earnings per share. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MDB shares. Morgan Stanley cut their price objective on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Mizuho cut their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Loop Capital downgraded MongoDB from a "buy" rating to a "hold" rating and cut their price target for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. The Goldman Sachs Group lowered their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Wedbush lowered their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.88.

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.