MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,690 shares of the company's stock after acquiring an additional 21,415 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.15% of MongoDB worth $45,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDB. Jennison Associates LLC lifted its holdings in shares of MongoDB by 87.8% during the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company's stock valued at $1,291,429,000 after buying an additional 1,745,231 shares during the period. 1832 Asset Management L.P. increased its stake in shares of MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company's stock worth $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB in the 4th quarter worth $147,735,000. T. Rowe Price Investment Management Inc. increased its stake in shares of MongoDB by 77.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company's stock worth $111,964,000 after purchasing an additional 248,133 shares in the last quarter. Finally, Dorsal Capital Management LLC increased its stake in shares of MongoDB by 100.0% in the 4th quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company's stock worth $78,736,000 after purchasing an additional 200,000 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 1,248 shares of the company's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the transaction, the executive now directly owns 25,425 shares of the company's stock, valued at $10,170,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Thomas Bull sold 170 shares of the business's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares of the company's stock, valued at $6,043,363.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Cedric Pech sold 1,248 shares of the business's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now directly owns 25,425 shares in the company, valued at $10,170,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,324 shares of company stock valued at $34,472,011. Corporate insiders own 4.80% of the company's stock.

MongoDB Stock Up 5.6 %

MDB stock traded up $19.08 during trading on Friday, hitting $362.82. 2,074,739 shares of the company's stock traded hands, compared to its average volume of 1,508,374. The firm has a market capitalization of $26.19 billion, a P/E ratio of -146.30 and a beta of 1.19. MongoDB, Inc. has a 1 year low of $198.72 and a 1 year high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $408.98 and a two-hundred day simple moving average of $389.56.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Sell-side analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MDB. Redburn Atlantic restated a "sell" rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Stifel Nicolaus reiterated a "buy" rating and issued a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. DA Davidson upgraded MongoDB from a "neutral" rating to a "buy" rating and increased their price target for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Citigroup increased their price target on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Finally, Guggenheim increased their price target on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $449.85.

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.