Pictet Asset Management Holding SA Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Pictet Asset Management Holding SA boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 69.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 356,964 shares of the company’s stock after acquiring an additional 145,854 shares during the quarter. Pictet Asset Management Holding SA’s holdings in MongoDB were worth $83,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% in the fourth 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 lifted its stake in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP boosted its holdings 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 purchasing an additional 55 shares during the period. Perigon Wealth Management LLC grew its position in shares of MongoDB by 2.7% during the 4th 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 in the last quarter. Finally, MetLife Investment Management LLC increased its holdings 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 worth $1,203,000 after purchasing an additional 72 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MDB shares. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Wednesday, December 11th. Bank of America decreased their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Stifel Nicolaus dropped their price objective on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Cantor Fitzgerald began coverage on MongoDB in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 target price on the stock. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.70.

MongoDB Stock Performance

Shares of MDB stock opened at $178.03 on Friday. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The firm has a market cap of $14.45 billion, a P/E ratio of -64.97 and a beta of 1.30. The business’s 50 day moving average price is $245.56 and its 200-day moving average price is $266.17.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 earned $0.86 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other news, insider Cedric Pech sold 287 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the transaction, the chief financial officer now owns 79,062 shares of the company’s stock, valued at approximately $18,507,623.58. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last 90 days. 3.60% of the stock is owned by company 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.