MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,919 shares of the company's stock after purchasing an additional 1,528 shares during the quarter. Investment Management Corp of Ontario's holdings in MongoDB were worth $912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC lifted its position in MongoDB by 5.3% in the 4th quarter. Janus Henderson Group PLC now owns 8,335 shares of the company's stock valued at $1,940,000 after acquiring an additional 421 shares in the last quarter. Graham Capital Management L.P. raised its position in MongoDB by 811.6% in the 4th quarter. Graham Capital Management L.P. now owns 8,414 shares of the company's stock worth $1,959,000 after buying an additional 7,491 shares during the last quarter. Focus Partners Wealth lifted its stake in MongoDB by 57.3% during the 4th quarter. Focus Partners Wealth now owns 31,132 shares of the company's stock valued at $7,248,000 after acquiring an additional 11,335 shares during the period. Ensign Peak Advisors Inc boosted its holdings in shares of MongoDB by 4.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 219,989 shares of the company's stock valued at $51,216,000 after acquiring an additional 10,011 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of MongoDB by 43.3% during the fourth quarter. Frontier Capital Management Co. LLC now owns 339,257 shares of the company's stock valued at $78,982,000 after purchasing an additional 102,556 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDB shares. Monness Crespi & Hardt upgraded shares of MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Truist Financial dropped their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. UBS Group set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Loop Capital decreased their price target on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Robert W. Baird decreased their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus price target of $293.91.

MongoDB Trading Up 0.4%

Shares of MDB traded up $0.79 during midday trading on Friday, reaching $191.29. 7,849,265 shares of the stock were exchanged, compared to its average volume of 1,905,055. The company's 50 day moving average is $175.00 and its two-hundred day moving average is $239.84. The company has a market capitalization of $15.53 billion, a P/E ratio of -69.81 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06.

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 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 business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 885 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now owns 83,845 shares of the company's stock, valued at $24,486,932.25. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,423 shares of company stock worth $7,148,369. 3.60% of the stock is currently owned by company insiders.

MongoDB 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.