Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in MongoDB, Inc. (NASDAQ:MDB)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,382 shares of the company’s stock after purchasing an additional 1,274 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in MongoDB were worth $1,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop National Bank grew its stake in MongoDB by 47.2% in the 4th 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. Brooklyn Investment Group bought a new stake in shares of MongoDB during the 3rd quarter worth $36,000. Continuum Advisory LLC grew 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 acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC increased its stake in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in MongoDB during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MDB shares. Wedbush upgraded MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Tigress Financial increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Loop Capital increased their target price on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, China Renaissance began coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $361.00.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,491 shares of company stock valued at $11,543,480. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

MDB stock opened at $286.36 on Tuesday. The firm has a 50-day moving average of $267.08 and a 200 day moving average of $270.83. The company has a market cap of $21.33 billion, a P/E ratio of -104.51 and a beta of 1.28. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its earnings results 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 return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the company earned $0.96 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share 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.