SBI Securities Co. Ltd. Makes New $670,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

SBI Securities Co. Ltd. bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,877 shares of the company’s stock, valued at approximately $670,000.

Other large investors have also recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB during the 4th quarter worth about $606,000. Aigen Investment Management LP bought a new position in MongoDB during the 3rd quarter worth about $1,045,000. Geode Capital Management LLC increased its holdings in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB during the 3rd quarter worth about $4,366,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MDB shares. Wells Fargo & Company increased their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. The Goldman Sachs Group increased their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays reduced their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, Morgan Stanley increased their price objective on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.33.

MongoDB Stock Down 3.1 %

MongoDB stock opened at $259.02 on Tuesday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $443.09. The company’s 50-day moving average price is $263.05 and its two-hundred day moving average price is $275.34. The stock has a market cap of $19.29 billion, a P/E ratio of -94.53 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,314 shares of company stock valued at $12,525,863. 3.60% of the stock is currently owned by company insiders.

About MongoDB

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.