MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,347 shares of the company’s stock after purchasing an additional 944 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MongoDB were worth $1,005,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MDB. Hilltop National Bank increased its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. NCP Inc. acquired a new position in shares of MongoDB during the fourth quarter valued at approximately $35,000. Brooklyn Investment Group bought a new stake in MongoDB during the third quarter worth approximately $36,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% in 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 period. Finally, Versant Capital Management Inc boosted its stake in MongoDB by 1,100.0% during 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 in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $190.06 on Thursday. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The business’s 50-day moving average price is $253.21 and its two-hundred day moving average price is $270.89. The company has a market capitalization of $14.15 billion, a P/E ratio of -69.36 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates 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 in the prior year, the company posted $0.86 EPS. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,139 shares of company stock valued at $11,328,869. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDB. China Renaissance began coverage on MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective on the stock. Tigress Financial upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, January 6th. Royal Bank of Canada dropped their target price on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Needham & Company LLC reduced their target price on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.70.

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.