National Bank of Canada FI Buys 39,445 Shares of MongoDB, Inc. (NASDAQ:MDB)

National Bank of Canada FI boosted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 171.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,478 shares of the company's stock after purchasing an additional 39,445 shares during the period. National Bank of Canada FI owned about 0.09% of MongoDB worth $23,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company's stock worth $24,759,000 after buying an additional 7,510 shares during the last quarter. Nordea Investment Management AB lifted its holdings in MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company's stock worth $7,735,000 after buying an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of MongoDB by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company's stock worth $658,000 after purchasing an additional 168 shares during the period. Assenagon Asset Management S.A. raised its position in shares of MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company's stock worth $11,945,000 after purchasing an additional 26,961 shares during the period. Finally, Realta Investment Advisors acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Redburn Atlantic reiterated a "sell" rating and set a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Guggenheim raised their target price on MongoDB from $250.00 to $272.00 and gave the company a "sell" rating in a research report on Monday, March 4th. Loop Capital began coverage on MongoDB in a research report on Tuesday, April 23rd. They issued a "buy" rating and a $415.00 target price on the stock. KeyCorp lowered their target price on MongoDB from $490.00 to $440.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. Finally, Needham & Company LLC restated a "buy" rating and issued a $465.00 target price on shares of MongoDB in a research report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $443.86.

MongoDB Stock Performance

NASDAQ MDB traded down $10.36 during trading on Tuesday, hitting $355.31. The company's stock had a trading volume of 1,467,369 shares, compared to its average volume of 1,363,417. MongoDB, Inc. has a 52 week low of $238.99 and a 52 week 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 $25.88 billion, a P/E ratio of -147.45 and a beta of 1.19. The firm has a 50 day moving average price of $369.85 and a 200 day moving average price of $391.34.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly 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. Equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the sale, the chief financial officer now owns 70,985 shares of the company's stock, valued at approximately $33,351,592.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,802 shares of company stock worth $22,143,211. 4.80% of the stock is currently owned by corporate insiders.

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.