Charles Schwab Investment Management Inc. Buys 11,439 Shares of MongoDB, Inc. (NASDAQ:MDB)

Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,122 shares of the company's stock after purchasing an additional 11,439 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.35% of MongoDB worth $101,854,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC increased its stake in MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company's stock valued at $370,000 after acquiring an additional 30 shares during the last quarter. Yousif Capital Management LLC increased its stake in MongoDB by 3.9% in the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company's stock valued at $324,000 after acquiring an additional 30 shares during the last quarter. Valley National Advisers Inc. increased its stake in MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company's stock valued at $244,000 after acquiring an additional 33 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in MongoDB by 2.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company's stock valued at $638,000 after buying an additional 33 shares in the last quarter. Finally, Choreo LLC boosted its position in MongoDB by 3.5% in the third quarter. Choreo LLC now owns 1,076 shares of the company's stock valued at $372,000 after buying an additional 36 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Up 1.6 %

Shares of NASDAQ:MDB traded up $5.77 during midday trading on Monday, hitting $359.24. 983,387 shares of the company's stock were exchanged, compared to its average volume of 1,334,691. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a 50 day moving average price of $361.04 and a 200-day moving average price of $391.89. The company has a market cap of $26.16 billion, a PE ratio of -144.85 and a beta of 1.19. MongoDB, Inc. has a 12 month low of $264.58 and a 12 month high of $509.62.

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

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. Tigress Financial raised their target price on shares of MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. KeyCorp cut their price target 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. JMP Securities reiterated a "market outperform" rating and set a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Guggenheim lifted their price target on shares of MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a report on Monday, March 4th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $465.00 price target on shares of MongoDB in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and a consensus price target of $443.86.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 6,000 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 6,000 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 170 shares of the business's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now 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 ninety days, insiders have sold 46,802 shares of company stock worth $16,514,071. 4.80% of the stock is owned by 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.