Pilgrim Partners Asia Pte Ltd Invests $140,000 in MongoDB, Inc. (NASDAQ:MDB)

Pilgrim Partners Asia Pte Ltd acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel.com reports. The firm acquired 600 shares of the company’s stock, valued at approximately $140,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Avestar Capital LLC raised its holdings in MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after purchasing an additional 42 shares during the last quarter. Aigen Investment Management LP boosted its position in MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after purchasing an additional 55 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after purchasing an additional 66 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of MongoDB by 1.6% in the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of research reports. Wedbush lowered their price objective on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Royal Bank of Canada decreased their price objective on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Truist Financial cut their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $312.84.

MongoDB Stock Down 5.5 %

NASDAQ MDB opened at $154.39 on Friday. The stock has a market cap of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49. The business has a 50 day moving average price of $236.68 and a two-hundred day moving average price of $262.08. MongoDB, Inc. has a fifty-two week low of $151.52 and a fifty-two week high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million for 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 quarter last year, the business earned $0.86 EPS. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the sale, the director now owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $55,379,548.84. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,060 shares of company stock valued at $13,461,875. 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.