MongoDB, Inc. $MDB Holdings Boosted by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 115.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 354,720 shares of the company's stock after purchasing an additional 189,820 shares during the period. MongoDB accounts for 1.3% of Harel Insurance Investments & Financial Services Ltd.'s investment portfolio, making the stock its 22nd biggest holding. Harel Insurance Investments & Financial Services Ltd. owned 0.44% of MongoDB worth $148,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clark Financial Services Group Inc. BD grew its position in MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company's stock worth $702,000 after purchasing an additional 25 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company's stock valued at $176,000 after acquiring an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of MongoDB by 3.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company's stock valued at $342,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of MongoDB by 4.3% during the 4th quarter. Whittier Trust Co. now owns 976 shares of the company's stock valued at $425,000 after acquiring an additional 40 shares in the last quarter. Finally, Savvy Advisors Inc. grew its holdings in shares of MongoDB by 5.0% during the 4th quarter. Savvy Advisors Inc. now owns 928 shares of the company's stock valued at $389,000 after acquiring an additional 44 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDB. Canaccord Genuity Group lowered their price target on shares of MongoDB from $455.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Piper Sandler lowered their price target on shares of MongoDB from $490.00 to $330.00 and set an "overweight" rating on the stock in a report on Tuesday, March 3rd. Zacks Research cut shares of MongoDB from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 31st. Guggenheim restated a "buy" rating and set a $475.00 price target on shares of MongoDB in a report on Tuesday, April 14th. Finally, DA Davidson lowered their price target on shares of MongoDB from $465.00 to $385.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus price target of $361.97.

MongoDB Price Performance

MongoDB stock opened at $266.68 on Wednesday. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of -303.05 and a beta of 1.48. MongoDB, Inc. has a fifty-two week low of $169.26 and a fifty-two week high of $444.72. The firm has a fifty day moving average price of $263.31 and a two-hundred day moving average price of $337.39.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business's revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director owned 24,093 shares of the company's stock, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 8,000 shares of the business's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $236.89, for a total transaction of $1,895,120.00. Following the transaction, the director directly owned 1,005,316 shares of the company's stock, valued at approximately $238,149,307.24. This represents a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 13,566 shares of company stock valued at $3,294,891. Company insiders own 3.10% of the company's stock.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.