J.Safra Asset Management Corp Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

J.Safra Asset Management Corp boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 72.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387 shares of the company’s stock after purchasing an additional 162 shares during the quarter. J.Safra Asset Management Corp’s holdings in MongoDB were worth $91,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of MongoDB during the fourth quarter worth approximately $606,000. Aigen Investment Management LP purchased a new position in MongoDB during the 3rd quarter worth $1,045,000. Geode Capital Management LLC lifted its stake in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB in the 3rd quarter worth $4,366,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after acquiring an additional 7,575 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 3.8 %

NASDAQ:MDB opened at $264.13 on Thursday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $424.00. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of -96.40 and a beta of 1.30. The business’s fifty day moving average price is $263.70 and its 200 day moving average price is $275.28.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Mizuho upped their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Needham & Company LLC lifted their price target on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, China Renaissance started coverage on MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $361.83.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $21,510,229.95. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,314 shares of company stock valued at $13,337,753 in the last quarter. Company insiders own 3.60% of the company’s stock.

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.