MongoDB, Inc. (NASDAQ:MDB) Stake Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 31,796.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 0.12% of MongoDB worth $36,775,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BluePath Capital Management LLC bought a new position in MongoDB during the third quarter valued at about $30,000. Blue Trust Inc. grew its stake in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company's stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in MongoDB during the 3rd quarter worth approximately $35,000. AM Squared Ltd purchased a new position in shares of MongoDB during the 3rd quarter valued at $35,000. Finally, Castleview Partners LLC bought a new stake in MongoDB during the third quarter valued at $37,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDB has been the subject of several research analyst reports. Stifel Nicolaus reiterated a "buy" rating and issued a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. DA Davidson raised MongoDB from a "neutral" rating to a "buy" rating and raised their price objective for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Tigress Financial raised their price objective on MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Finally, Guggenheim lifted their target price on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $443.86.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 170 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $437.99, for a total value of $2,627,940.00. Following the completion of the transaction, the director now owns 1,168,784 shares of the company's stock, valued at approximately $511,915,704.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 170 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company's stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,802 shares of company stock worth $24,771,151. 4.80% of the stock is currently owned by insiders.

MongoDB Trading Down 0.1 %

Shares of MongoDB stock traded down $0.32 during mid-day trading on Friday, hitting $362.85. The stock had a trading volume of 926,998 shares, compared to its average volume of 1,215,318. The firm has a 50-day moving average of $371.56 and a two-hundred day moving average of $391.06. MongoDB, Inc. has a 12-month low of $226.10 and a 12-month 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 firm has a market cap of $26.43 billion, a P/E ratio of -146.31 and a beta of 1.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $431.99 million. Sell-side analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current 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.