Victory Capital Management Inc. Has $22.82 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Victory Capital Management Inc. raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 43.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,818 shares of the company's stock after acquiring an additional 17,042 shares during the quarter. Victory Capital Management Inc. owned 0.08% of MongoDB worth $22,821,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Raymond James & Associates grew its holdings in MongoDB by 14.2% in the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company's stock valued at $24,759,000 after purchasing an additional 7,510 shares during the last quarter. Nordea Investment Management AB increased 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 valued at $7,735,000 after acquiring an additional 13,972 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in MongoDB by 9.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company's stock worth $658,000 after acquiring an additional 168 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company's stock valued at $11,945,000 after purchasing an additional 26,961 shares in the last quarter. Finally, Realta Investment Advisors acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $212,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the sale, the director now directly owns 1,156,784 shares of the company's stock, valued at $394,602,158.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the sale, the director now owns 1,156,784 shares of the company's stock, valued at $394,602,158.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 170 shares of the company'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 completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,802 shares of company stock worth $16,514,071. 4.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial upped their target price on MongoDB from $440.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. DA Davidson raised MongoDB from a "neutral" rating to a "buy" rating and increased their price objective for the company from $405.00 to $430.00 in a research note on Friday, March 8th. Tigress Financial lifted their price objective on MongoDB from $495.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. KeyCorp reduced their target price on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. Finally, Redburn Atlantic reiterated a "sell" rating and set a $295.00 price target (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $443.86.

MongoDB Stock Up 0.4 %

MongoDB stock traded up $1.49 during trading on Thursday, reaching $354.69. 575,866 shares of the company's stock were exchanged, compared to its average volume of 1,347,723. The company's 50-day moving average is $364.30 and its two-hundred day moving average is $390.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a 52-week low of $255.06 and a 52-week high of $509.62. The firm has a market cap of $25.83 billion, a price-to-earnings ratio of -143.02 and a beta of 1.19.

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

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.