Nomura Holdings Inc. Has $289,000 Position in MongoDB, Inc. $MDB

Key Points

• Nomura Holdings Inc. significantly reduced its stake in MongoDB, Inc. by 86.5%, holding only 1,648 shares worth $289,000 at the end of the first quarter.
• Various analysts have given positive outlooks for MongoDB, with target prices ranging from $290.00 to $338.00, maintaining a consensus rating of "Moderate Buy."
• Insider selling activity was notable, with directors selling a total of 58,730 shares worth nearly $16 million over the last ninety days, decreasing their ownership slightly.

Nomura Holdings Inc. trimmed its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 86.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,648 shares of the company's stock after selling 10,535 shares during the period. Nomura Holdings Inc.'s holdings in MongoDB were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MDB. Handelsbanken Fonder AB boosted its stake in MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares during the last quarter. Wedbush Securities Inc. grew its position in MongoDB by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after purchasing an additional 77 shares during the period. Fifth Third Bancorp grew its holdings in MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after buying an additional 78 shares in the last quarter. Arizona State Retirement System grew its position in shares of MongoDB by 0.4% during the 1st quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock worth $3,772,000 after buying an additional 83 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its position in MongoDB by 5.6% in the first quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock valued at $307,000 after buying an additional 93 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDB has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Macquarie lifted their price objective on MongoDB from $230.00 to $265.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Loop Capital downgraded MongoDB from a "buy" rating to a "hold" rating and dropped their price objective for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, September 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of MongoDB from $270.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $310.86.

Insider Buying and Selling

In other MongoDB news, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total value of $51,460.00. Following the transaction, the director directly owned 14,493 shares in the company, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,730 shares of company stock worth $15,966,159. 3.10% of the stock is owned by company insiders.

MongoDB Trading Up 0.3%

MDB stock traded up $0.94 during midday trading on Monday, reaching $325.68. The stock had a trading volume of 774,424 shares, compared to its average volume of 2,524,724. The company's fifty day simple moving average is $234.03 and its 200 day simple moving average is $207.01. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The company has a market cap of $26.50 billion, a price-to-earnings ratio of -331.88 and a beta of 1.49.

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.