Altshuler Shaham Ltd Makes New $1.21 Million Investment in MongoDB, Inc. (NASDAQ:MDB)

Altshuler Shaham Ltd purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,205 shares of the company’s stock, valued at approximately $1,212,000.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in MongoDB in the 4th quarter worth about $189,584,000. Marshall Wace LLP acquired a new stake in shares of MongoDB during the fourth quarter valued at about $110,356,000. Raymond James Financial Inc. bought a new stake in shares of MongoDB during the fourth quarter worth about $90,478,000. Amundi increased its stake in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction 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. The trade was a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,015 shares of company stock worth $13,208,285. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of a number of research reports. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, January 6th. Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Macquarie reduced their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Wedbush lowered their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.97.

MongoDB Stock Up 0.9 %

Shares of MDB opened at $160.04 on Thursday. The business’s fifty day moving average is $213.23 and its 200 day moving average is $253.88. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The stock has a market cap of $12.99 billion, a P/E ratio of -58.41 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released 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 during the quarter, compared to the consensus estimate 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 last year, the business posted $0.86 earnings per share. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

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.