Clearbridge Investments LLC Has $87.08 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Clearbridge Investments LLC increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 10,827.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 212,983 shares of the company's stock after purchasing an additional 211,034 shares during the quarter. Clearbridge Investments LLC owned 0.30% of MongoDB worth $87,078,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of MongoDB by 14.2% in the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company's stock worth $24,759,000 after acquiring an additional 7,510 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of MongoDB by 298.2% in the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company's stock worth $7,735,000 after acquiring an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of MongoDB by 9.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company's stock valued at $658,000 after purchasing an additional 168 shares during the period. Assenagon Asset Management S.A. grew its position 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 during the period. Finally, Realta Investment Advisors purchased a new stake in shares of MongoDB in the fourth quarter valued at $212,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares of the company's stock, valued at $198,256,018.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares of the company's stock, valued at $198,256,018.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MDB shares. Redburn Atlantic reaffirmed a "sell" rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. KeyCorp lowered their price target on MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Loop Capital assumed coverage on MongoDB in a research report on Tuesday, April 23rd. They set a "buy" rating and a $415.00 price target for the company. Guggenheim boosted their price target on MongoDB from $250.00 to $272.00 and gave the company a "sell" rating in a research report on Monday, March 4th. Finally, Citigroup boosted their price target on MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $444.57.

MongoDB Stock Down 1.1 %

Shares of NASDAQ:MDB traded down $3.98 during trading on Wednesday, hitting $361.28. The company's stock had a trading volume of 846,689 shares, compared to its average volume of 1,296,984. 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 fifty-two week low of $267.68 and a fifty-two week high of $509.62. The stock's 50-day moving average price is $358.32 and its two-hundred day moving average price is $393.18. The company has a market capitalization of $26.31 billion, a PE ratio of -145.68 and a beta of 1.19.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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). 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 for the quarter, compared to analyst estimates of $431.99 million. As a group, sell-side analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.

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.