Global Retirement Partners LLC Has $453,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Global Retirement Partners LLC grew its position in MongoDB, Inc. (NASDAQ:MDB) by 1,591.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,945 shares of the company’s stock after purchasing an additional 1,830 shares during the period. Global Retirement Partners LLC’s holdings in MongoDB were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Avala Global LP bought a new stake in MongoDB during the 3rd quarter worth approximately $47,960,000. Eagle Asset Management Inc. acquired a new stake in MongoDB during the 3rd quarter worth approximately $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in MongoDB in the third quarter valued at approximately $25,636,000. 89.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MDB shares. 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 report on Tuesday, December 10th. Canaccord Genuity Group boosted their price target on MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, January 6th. Stifel Nicolaus boosted their target price on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Rosenblatt Securities assumed coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target for the company. Two analysts have rated the stock with a sell rating, four 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $361.00.

MongoDB Stock Performance

Shares of MongoDB stock opened at $273.26 on Monday. The firm has a 50-day moving average of $261.71 and a 200-day moving average of $274.31. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.70. The stock has a market cap of $20.35 billion, a PE ratio of -99.73 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. Equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,979 shares of company stock worth $11,265,417 in the last 90 days. Company insiders own 3.60% of the company’s stock.

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.