OVERSEA CHINESE BANKING Corp Ltd Has $3.92 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in MongoDB, Inc. (NASDAQ:MDB) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,835 shares of the company’s stock after selling 981 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in MongoDB were worth $3,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MDB. Principal Financial Group Inc. grew its stake in MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock valued at $1,648,000 after purchasing an additional 160 shares in the last quarter. Atria Investments Inc grew its stake in MongoDB by 6.6% in the third quarter. Atria Investments Inc now owns 2,175 shares of the company’s stock valued at $588,000 after purchasing an additional 135 shares in the last quarter. GSA Capital Partners LLP grew its stake in MongoDB by 38.0% in the third quarter. GSA Capital Partners LLP now owns 1,598 shares of the company’s stock valued at $432,000 after purchasing an additional 440 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in MongoDB by 18.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,005 shares of the company’s stock valued at $272,000 after purchasing an additional 153 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in MongoDB by 51.5% in the third quarter. Natixis Advisors LLC now owns 18,304 shares of the company’s stock valued at $4,948,000 after purchasing an additional 6,221 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

NASDAQ:MDB opened at $190.06 on Thursday. The stock has a fifty day moving average price of $253.21 and a 200-day moving average price of $270.89. The company has a market cap of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the company earned $0.86 earnings per share. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on MDB. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Citigroup reiterated a “buy” rating on shares of MongoDB in a research note on Thursday, March 6th. Scotiabank reiterated a “sector perform” rating and set a $240.00 target price (down from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their target price on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reduced their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $320.70.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock worth $11,328,869 in the last ninety days. 3.60% of the stock is owned by insiders.

MongoDB 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.