MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 24.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,321 shares of the company's stock after buying an additional 10,172 shares during the quarter. Rafferty Asset Management LLC owned about 0.07% of MongoDB worth $12,181,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the period. Franklin Resources Inc. grew its stake in shares of MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after purchasing an additional 181,962 shares during the period. Geode Capital Management LLC grew its stake in shares of MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after purchasing an additional 22,106 shares during the period. First Trust Advisors LP grew its stake in shares of MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after purchasing an additional 95,893 shares during the period. Finally, Norges Bank acquired a new position in shares of MongoDB during the 4th quarter worth $189,584,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares of the company's stock, valued at $1,109,903.56. This trade represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction 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. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,538 shares of company stock worth $6,889,905. Company insiders own 3.60% of the company's stock.

MongoDB Stock Down 0.0%

Shares of MDB stock traded down $0.07 during trading hours on Tuesday, hitting $188.94. 2,498,131 shares of the company were exchanged, compared to its average volume of 1,921,115. The firm has a market cap of $15.34 billion, a PE ratio of -68.96 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $379.06. The firm has a fifty day moving average of $174.77 and a 200 day moving average of $238.15.

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

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays decreased their price objective on shares of MongoDB from $280.00 to $252.00 and set an "overweight" rating on the stock in a research report on Friday. Daiwa America upgraded shares of MongoDB to a "strong-buy" rating in a research report on Tuesday, April 1st. Morgan Stanley decreased their price objective on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial decreased their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $288.91.

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.