ProShare Advisors LLC Has $19.77 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

ProShare Advisors LLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,911 shares of the company's stock after buying an additional 14,260 shares during the quarter. ProShare Advisors LLC owned about 0.11% of MongoDB worth $19,768,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in MongoDB by 24.3% during the fourth quarter. Park Avenue Securities LLC now owns 1,723 shares of the company's stock valued at $401,000 after purchasing an additional 337 shares during the period. Nisa Investment Advisors LLC grew its holdings in MongoDB by 428.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after purchasing an additional 4,665 shares during the period. Exchange Traded Concepts LLC grew its holdings in MongoDB by 3.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,099 shares of the company's stock valued at $1,886,000 after purchasing an additional 263 shares during the period. B.O.S.S. Retirement Advisors LLC acquired a new position in MongoDB during the fourth quarter valued at approximately $606,000. Finally, Moody Lynn & Lieberson LLC grew its holdings in MongoDB by 9.4% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 10,225 shares of the company's stock valued at $2,380,000 after purchasing an additional 880 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company cut shares of MongoDB from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Scotiabank reaffirmed a "sector perform" rating and issued a $160.00 price target (down previously from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Cantor Fitzgerald began coverage on shares of MongoDB in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target on the stock. Daiwa America raised shares of MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Citigroup cut their price target on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $293.91.

MongoDB Stock Performance

NASDAQ MDB opened at $191.29 on Friday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The company has a market capitalization of $15.53 billion, a P/E ratio of -69.81 and a beta of 1.49. The company has a fifty day moving average of $175.00 and a 200-day moving average of $239.84.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $58,121,799.12. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,423 shares of company stock valued at $7,148,369 over the last three months. 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.

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