Deutsche Bank AG Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Deutsche Bank AG grew its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 52.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,463 shares of the company's stock after purchasing an additional 101,819 shares during the period. Deutsche Bank AG owned about 0.40% of MongoDB worth $68,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDB. Wealth Enhancement Advisory Services LLC raised its holdings in MongoDB by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,399 shares of the company's stock valued at $5,215,000 after buying an additional 110 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of MongoDB during the 4th quarter valued at about $411,000. Tealwood Asset Management Inc. purchased a new position in shares of MongoDB during the fourth quarter valued at about $243,000. Assenagon Asset Management S.A. raised its stake in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock worth $69,119,000 after buying an additional 294,228 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in MongoDB by 24.3% in the fourth quarter. Park Avenue Securities LLC now owns 1,723 shares of the company's stock worth $401,000 after buying an additional 337 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Up 0.4%

NASDAQ:MDB traded up $0.79 on Friday, hitting $191.29. The stock had a trading volume of 7,849,265 shares, compared to its average volume of 1,905,013. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of -69.81 and a beta of 1.49. The business's 50-day simple moving average is $175.00 and its two-hundred day simple moving average is $239.84.

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 business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 885 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the sale, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 in the company, valued at $9,985,666.84. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,423 shares of company stock valued at $7,148,369 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird reduced their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Canaccord Genuity Group lowered their price objective on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. China Renaissance began coverage on shares of MongoDB in a report on Tuesday, January 21st. They set a "buy" rating and a $351.00 target price on the stock. Finally, UBS Group set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $293.91.

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.