MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,216 shares of the company's stock after acquiring an additional 6,894 shares during the period. Stifel Financial Corp owned about 0.15% of MongoDB worth $26,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its stake in shares of MongoDB by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,557 shares of the company's stock worth $362,000 after purchasing an additional 105 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of MongoDB by 554.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,077 shares of the company's stock valued at $1,880,000 after buying an additional 6,842 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of MongoDB by 138.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 51,432 shares of the company's stock valued at $11,974,000 after buying an additional 29,832 shares in the last quarter. Transatlantique Private Wealth LLC raised its stake in shares of MongoDB by 15.5% during the 4th quarter. Transatlantique Private Wealth LLC now owns 3,273 shares of the company's stock worth $762,000 after acquiring an additional 440 shares in the last quarter. Finally, Thematics Asset Management lifted its position in MongoDB by 49.9% during the fourth quarter. Thematics Asset Management now owns 132,313 shares of the company's stock valued at $30,804,000 after acquiring an additional 44,061 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

NASDAQ MDB traded down $3.50 during trading hours on Wednesday, reaching $171.19. The company's stock had a trading volume of 288,957 shares, compared to its average volume of 1,836,662. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of -62.38 and a beta of 1.49. The company's 50-day moving average is $190.43 and its two-hundred day moving average is $247.31. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the prior year, the business posted $0.86 EPS. Equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 301 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,345 shares of company stock worth $8,485,310 in the last 90 days. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Loop Capital cut their price target on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Bank of America decreased their price target on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Daiwa Capital Markets began coverage on MongoDB in a research note on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price target on the stock. China Renaissance started coverage on shares of MongoDB in a research report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price objective for the company. Finally, Wedbush dropped their target price on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $294.78.

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.