MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Man Group plc

Man Group plc lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 94.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,645 shares of the company's stock after buying an additional 32,411 shares during the period. Man Group plc owned approximately 0.09% of MongoDB worth $15,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB during the 4th quarter worth approximately $29,000. NCP Inc. purchased a new position in MongoDB in the 4th quarter valued at about $35,000. Coppell Advisory Solutions LLC grew its stake 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 acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC grew its position 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 purchasing an additional 134 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in shares of MongoDB by 57.4% during the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MDB shares. Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price for the company in a research note on Thursday, April 17th. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wells Fargo & Company downgraded MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Piper Sandler dropped their target price on MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued 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 $288.91.

MongoDB Stock Down 0.0%

MDB stock traded down $0.07 during midday trading on Tuesday, reaching $188.94. The stock had a trading volume of 2,498,131 shares, compared to its average volume of 1,921,115. The business has a fifty day simple moving average of $174.77 and a two-hundred day simple moving average of $238.15. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of -68.96 and a beta of 1.49.

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

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at $58,121,799.12. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the business's stock in a transaction on 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. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,538 shares of company stock worth $6,889,905. 3.60% of the stock is currently owned by insiders.

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.