Rheos Capital Works Inc. Raises Position in MongoDB, Inc. (NASDAQ:MDB)

Rheos Capital Works Inc. lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 22.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,000 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Rheos Capital Works Inc. owned 0.11% of MongoDB worth $19,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDB. Jennison Associates LLC grew its stake in shares of MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 2.9% during the third 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 in the last quarter. Westfield Capital Management Co. LP raised its position in shares of MongoDB by 1.5% in 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 boosted its stake in MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after purchasing an additional 294,228 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Loop Capital raised their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Scotiabank dropped their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Oppenheimer upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald began coverage on shares of MongoDB in a research report on Friday, January 17th. They issued an “overweight” rating and a $344.00 target price for the company. Two equities research 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was 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 directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $60,840,147.06. This represents a 3.69 % decrease in their position. 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 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Up 0.8 %

Shares of NASDAQ MDB opened at $273.32 on Monday. The firm’s fifty day moving average is $272.39 and its two-hundred day moving average is $269.91. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

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

MongoDB Company 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.