MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 178,693 shares of the company's stock after acquiring an additional 4,600 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of MongoDB worth $73,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MDB. Jennison Associates LLC grew its stake in MongoDB by 87.8% during the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company's stock worth $1,291,429,000 after buying an additional 1,745,231 shares during the last quarter. 1832 Asset Management L.P. lifted its position in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company's stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the period. Norges Bank acquired a new stake in MongoDB during the 4th quarter worth approximately $147,735,000. T. Rowe Price Investment Management Inc. lifted its position in MongoDB by 77.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company's stock worth $111,964,000 after acquiring an additional 248,133 shares during the period. Finally, Dorsal Capital Management LLC lifted its position in MongoDB by 100.0% during the 4th quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company's stock worth $78,736,000 after acquiring an additional 200,000 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Redburn Atlantic reaffirmed a "sell" rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $465.00 price objective on shares of MongoDB in a research report on Tuesday, April 9th. Citigroup increased their price objective on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. JMP Securities reaffirmed a "market outperform" rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Finally, Tigress Financial raised their price target on MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus price target of $444.93.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at $394,602,158.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $404.20, for a total transaction of $404,200.00. Following the transaction, the director now owns 527,896 shares in the company, valued at $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the business's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,802 shares of company stock worth $36,356,911. 4.80% of the stock is owned by insiders.

MongoDB Trading Down 2.1 %

MongoDB stock traded down $7.20 during midday trading on Thursday, reaching $335.55. The stock had a trading volume of 1,082,406 shares, compared to its average volume of 1,380,089. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The stock has a market capitalization of $24.44 billion, a PE ratio of -135.30 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock's 50-day simple moving average is $397.07 and its 200 day simple moving average is $390.45.

MongoDB (NASDAQ:MDB - Get Free Report) last issued 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 firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.

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.