Keybank National Association OH Raises Stake in MongoDB, Inc. (NASDAQ:MDB)

Keybank National Association OH lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,234 shares of the company’s stock after buying an additional 270 shares during the quarter. Keybank National Association OH’s holdings in MongoDB were worth $753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after buying an additional 42 shares in the last quarter. Rakuten Securities Inc. grew its holdings in MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after purchasing an additional 47 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after purchasing an additional 59 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in MongoDB by 2.7% in the fourth 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 during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Trading Down 2.8 %

Shares of NASDAQ:MDB opened at $187.65 on Friday. The company has a fifty day simple moving average of $261.68 and a 200 day simple moving average of $274.38. The firm has a market cap of $13.97 billion, a PE ratio of -68.49 and a beta of 1.30. MongoDB, Inc. has a 12-month low of $181.05 and a 12-month high of $387.19.

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

Insider Buying and Selling

In other MongoDB 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 completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,314 shares of company stock worth $13,337,753. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDB. Mizuho boosted their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Canaccord Genuity Group lowered their target price on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley lowered their target price on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday. Barclays lowered their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

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.