Caisse DE Depot ET Placement DU Quebec Grows Holdings in MongoDB, Inc. (NASDAQ:MDB)

Caisse DE Depot ET Placement DU Quebec raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 196.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,103 shares of the company's stock after acquiring an additional 29,203 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of MongoDB worth $10,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of MongoDB in the fourth quarter worth about $189,584,000. Marshall Wace LLP acquired a new position in shares of MongoDB in the 4th quarter valued at approximately $110,356,000. Raymond James Financial Inc. bought a new stake in MongoDB during the 4th quarter worth approximately $90,478,000. D1 Capital Partners L.P. acquired a new stake in MongoDB during the 4th quarter worth approximately $76,129,000. Finally, Amundi lifted its stake in MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after buying an additional 321,186 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. Daiwa America upgraded shares of MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Wedbush decreased their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Bank of America cut their target price on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Mizuho decreased their target price on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $294.78.

MongoDB Stock Performance

Shares of MDB traded down $0.51 during mid-day trading on Friday, reaching $178.75. 1,006,802 shares of the company were exchanged, compared to its average volume of 1,852,863. The business has a 50 day simple moving average of $177.59 and a two-hundred day simple moving average of $242.46. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The stock has a market capitalization of $14.51 billion, a PE ratio of -65.24 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the firm posted $0.86 EPS. On average, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the company'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 directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cedric Pech sold 1,690 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the sale, the insider now owns 57,634 shares of the company's stock, 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. In the last ninety days, insiders sold 35,423 shares of company stock valued at $7,429,989. Corporate insiders own 3.60% of the company's stock.

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.