Prudential PLC Acquires 1,235 Shares of MongoDB, Inc. (NASDAQ:MDB)

Prudential PLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 55.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,444 shares of the company’s stock after purchasing an additional 1,235 shares during the quarter. Prudential PLC’s holdings in MongoDB were worth $802,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MDB. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC raised its position in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after buying an additional 42 shares during the last quarter. Aigen Investment Management LP lifted its stake in MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares in the last quarter. Perigon Wealth Management LLC boosted its position in MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after acquiring an additional 66 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock worth $383,000 after acquiring an additional 75 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Down 4.5 %

NASDAQ MDB opened at $147.38 on Tuesday. The firm has a 50-day moving average price of $234.34 and a two-hundred day moving average price of $260.82. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The company has a market capitalization of $11.97 billion, a P/E ratio of -53.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the firm posted $0.86 earnings per share. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of a number of research reports. Loop Capital cut their price objective on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. China Renaissance started coverage on MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective for the company. Truist Financial dropped their target price on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Wedbush decreased their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.84.

Insider Transactions at MongoDB

In related 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 transaction of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares in the company, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 1,690 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,060 shares of company stock valued at $13,461,875. 3.60% of the stock is owned by corporate insiders.

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.