MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,986 shares of the company's stock after acquiring an additional 32,844 shares during the period. Nuveen Asset Management LLC owned about 0.50% of MongoDB worth $86,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in MDB. OneDigital Investment Advisors LLC raised its holdings in MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after purchasing an additional 39 shares in the last quarter. Avestar Capital LLC grew its position in shares of MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after buying an additional 42 shares during the last quarter. Aigen Investment Management LP grew its position in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after buying an additional 55 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after acquiring an additional 66 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in MongoDB by 4.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $2,529,103.50. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,538 shares of company stock valued at $6,889,905 over the last ninety days. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Macquarie reduced their price target on MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Barclays reduced their target price on MongoDB from $280.00 to $252.00 and set an "overweight" rating on the stock in a research report on Friday. Mizuho lowered their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Wedbush cut their price objective on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Piper Sandler decreased their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $288.91.

MongoDB Stock Performance

MongoDB stock traded down $0.07 during trading on Tuesday, reaching $188.94. The company had a trading volume of 2,498,131 shares, compared to its average volume of 1,921,115. The firm has a market capitalization of $15.34 billion, a PE ratio of -68.96 and a beta of 1.49. The firm's 50-day simple moving average is $174.77 and its 200 day simple moving average is $238.15. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the business earned $0.86 EPS. Analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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.