Tokio Marine Asset Management Co. Ltd. Buys 235 Shares of MongoDB, Inc. (NASDAQ:MDB)

Tokio Marine Asset Management Co. Ltd. grew its position in MongoDB, Inc. (NASDAQ:MDB) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,596 shares of the company’s stock after purchasing an additional 235 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in MongoDB were worth $604,000 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. Hilltop National Bank raised its stake in MongoDB by 47.2% during the 4th 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. Brooklyn Investment Group bought a new stake in shares of MongoDB in the third quarter worth about $36,000. GAMMA Investing LLC raised its position in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Continuum Advisory LLC lifted its holdings in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% in the 4th 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. 89.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MDB shares. Scotiabank cut their price target on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Barclays cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. DA Davidson lifted their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Citigroup upped their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares in the company, valued at $392,469,175.02. This represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,491 shares of company stock valued at $10,745,480 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

NASDAQ MDB opened at $275.97 on Wednesday. The stock has a market cap of $20.55 billion, a PE ratio of -100.72 and a beta of 1.28. The firm has a 50-day moving average of $269.75 and a 200-day moving average of $270.24. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $497.39 million. During the same period last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.