International Assets Investment Management LLC Raises Stock Position in MongoDB, Inc. (NASDAQ:MDB)

International Assets Investment Management LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 31,796.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,947 shares of the company's stock after acquiring an additional 89,665 shares during the period. International Assets Investment Management LLC owned about 0.12% of MongoDB worth $36,775,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MDB. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company's stock valued at $2,648,332,000 after acquiring an additional 121,201 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company's stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. State Street Corp grew its holdings in shares of MongoDB by 1.8% during the first quarter. State Street Corp now owns 1,386,773 shares of the company's stock worth $323,280,000 after purchasing an additional 24,595 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company's stock valued at $200,383,000 after buying an additional 1,017,969 shares during the period. Finally, Geode Capital Management LLC raised its holdings in MongoDB by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 967,289 shares of the company's stock valued at $225,174,000 after buying an additional 35,541 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Citigroup raised their target price on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Stifel Nicolaus reiterated a "buy" rating and issued a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research report on Monday, March 4th. Finally, KeyCorp lifted their price objective on MongoDB from $500.00 to $543.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Two research 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $448.74.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company's stock, valued at approximately $222,136,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company's stock, valued at approximately $222,136,320. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 4,726 shares of MongoDB stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $350.00, for a total value of $1,654,100.00. Following the sale, the executive now owns 35,992 shares in the company, valued at $12,597,200. The disclosure for this sale can be found here. Insiders have sold 92,050 shares of company stock valued at $36,126,111 in the last three months. 4.80% of the stock is currently owned by insiders.

MongoDB Stock Down 0.7 %

MDB stock traded down $2.38 during mid-day trading on Tuesday, reaching $360.94. 952,821 shares of the company traded hands, compared to its average volume of 1,415,606. 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 firm's 50 day moving average price is $406.75 and its 200 day moving average price is $390.21. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of -145.54 and a beta of 1.20. MongoDB, Inc. has a fifty-two week low of $198.72 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, equities research analysts predict that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

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.