Robeco Institutional Asset Management B.V. Increases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Robeco Institutional Asset Management B.V. boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 42.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,179 shares of the company’s stock after acquiring an additional 5,147 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in MongoDB were worth $3,999,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Geode Capital Management LLC raised its holdings in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after purchasing an additional 66,730 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after buying an additional 294,228 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Morgan Stanley boosted their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. China Renaissance began coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target on the stock. Finally, Barclays lowered their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Stock Up 0.8 %

MDB opened at $273.32 on Monday. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of -99.75 and a beta of 1.25. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The business’s 50 day moving average is $272.39 and its two-hundred day moving average is $269.91.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $55,379,548.84. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,491 shares of company stock valued at $10,745,480 in the last ninety days. Insiders own 3.60% of the company’s stock.

About MongoDB

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.