797,937 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by Norges Bank

Norges Bank acquired a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 797,937 shares of the company's stock, valued at approximately $326,237,000. Norges Bank owned about 1.11% of MongoDB as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quadrant Capital Group LLC lifted its stake in MongoDB by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company's stock worth $168,000 after acquiring an additional 22 shares during the period. Insigneo Advisory Services LLC raised its holdings in MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company's stock worth $370,000 after purchasing an additional 30 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of MongoDB by 3.9% during the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company's stock valued at $324,000 after buying an additional 30 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company's stock valued at $244,000 after buying an additional 33 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of MongoDB by 2.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company's stock worth $638,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent analyst reports. Redburn Atlantic restated a "sell" rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Truist Financial boosted their target price on MongoDB from $440.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Citigroup increased their price target on MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Bank of America dropped their price target on MongoDB from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $444.57.

MongoDB Stock Down 0.7 %

Shares of MDB traded down $2.75 during midday trading on Tuesday, reaching $365.26. The stock had a trading volume of 727,370 shares, compared to its average volume of 1,301,589. 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 company's fifty day simple moving average is $358.39 and its two-hundred day simple moving average is $393.02. The company has a market cap of $26.60 billion, a price-to-earnings ratio of -147.28 and a beta of 1.19. MongoDB, Inc. has a 1-year low of $267.68 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of the company's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the sale, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 1,156,784 shares of the company's stock, valued at approximately $394,602,158.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares of the company's stock, 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. Insiders own 3.60% of the company's stock.

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.