Robeco Institutional Asset Management B.V. Purchases 141,755 Shares of MongoDB, Inc. $MDB

Key Points

• Robeco Institutional Asset Management increased its stake in MongoDB by 69.6%, purchasing 141,755 shares to own 345,563 shares valued at about $145.0 million (roughly 0.42% of the company).
• Wall Street sentiment is mixed but positive overall — the consensus rating is a "Moderate Buy" (27 Buys, 8 Holds, 2 Sells) with an average target of $360.03 versus the recent open near $225.95, despite several firms cutting price targets.
• MongoDB beat the quarter (EPS $1.65 vs. $1.47 est.; revenue $695.1M vs. $669.4M, +26.8% YoY) but remains unprofitable with a negative net margin (~-2.89%) and a negative PE ratio.

Robeco Institutional Asset Management B.V. boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 69.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,563 shares of the company's stock after acquiring an additional 141,755 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.42% of MongoDB worth $145,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in MongoDB during the fourth quarter valued at approximately $28,000. Huntington National Bank grew its stake in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company's stock valued at $30,000 after purchasing an additional 51 shares during the period. Promus Capital LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $36,000. TD Private Client Wealth LLC grew its stake in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company's stock valued at $36,000 after purchasing an additional 113 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of MongoDB in the 3rd quarter valued at approximately $37,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MDB. Zacks Research lowered MongoDB from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 31st. Piper Sandler lowered their price objective on MongoDB from $490.00 to $330.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. The Goldman Sachs Group lowered their price objective on MongoDB from $475.00 to $320.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. Guggenheim reiterated a "buy" rating and issued a $475.00 price objective on shares of MongoDB in a research note on Tuesday, March 3rd. Finally, Truist Financial lowered their price objective on MongoDB from $500.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Twenty-seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $360.03.

MongoDB Price Performance

NASDAQ MDB opened at $225.95 on Monday. The firm has a market cap of $18.16 billion, a PE ratio of -256.76 and a beta of 1.60. MongoDB, Inc. has a one year low of $148.88 and a one year high of $444.72. The stock's 50 day simple moving average is $293.41 and its 200 day simple moving average is $344.16.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.18. The business had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.MongoDB's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 EPS. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This represents 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 1,190 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director owned 80,462 shares in the company, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,895 shares of company stock worth $7,856,118. 3.10% of the stock is owned by corporate insiders.

About MongoDB

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.

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