Natixis Advisors LLC Increases Stake in MongoDB, Inc. (NASDAQ:MDB)

Natixis Advisors LLC boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 49.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,397 shares of the company’s stock after buying an additional 9,093 shares during the quarter. Natixis Advisors LLC’s holdings in MongoDB were worth $6,378,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MDB. Raymond James Financial Inc. purchased a new position in MongoDB during the 4th quarter worth approximately $90,478,000. Amundi raised its position in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. raised 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 worth $69,119,000 after buying an additional 294,228 shares during the last quarter. Avala Global LP purchased a new position in MongoDB during the 3rd quarter worth approximately $47,960,000. Finally, Eagle Asset Management Inc. purchased a new position in MongoDB during the 3rd quarter worth approximately $44,380,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDB. Stifel Nicolaus reduced their price target on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. DA Davidson raised their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Canaccord Genuity Group dropped their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $320.70.

Insider Transactions at MongoDB

In other news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock worth $11,328,869 in the last quarter. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Up 1.7 %

Shares of MDB opened at $192.54 on Friday. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19. The firm’s fifty day moving average is $250.97 and its two-hundred day moving average is $269.65. The stock has a market cap of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS 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 company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current 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.