Royal London Asset Management Ltd. Grows Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Royal London Asset Management Ltd. boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,096 shares of the company’s stock after buying an additional 2,266 shares during the quarter. Royal London Asset Management Ltd.’s holdings in MongoDB were worth $7,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. NCP Inc. purchased a new stake in MongoDB in the fourth quarter worth $35,000. Brooklyn Investment Group purchased a new stake in MongoDB in the third quarter worth $36,000. Continuum Advisory LLC lifted its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reduced their price target on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Barclays decreased their price target on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Macquarie dropped their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price for the company. Finally, JMP Securities reissued a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.70.

MongoDB Stock Up 1.7 %

Shares of MongoDB stock opened at $192.54 on Monday. The company has a 50 day moving average price of $250.97 and a 200 day moving average price of $269.40. The firm has a market capitalization of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 169 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 transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 2,581 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at $50,866,352.46. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by insiders.

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.