Gulf International Bank UK Ltd Has $1.29 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Gulf International Bank UK Ltd decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,529 shares of the company’s stock after selling 51 shares during the period. Gulf International Bank UK Ltd’s holdings in MongoDB were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MDB. Jennison Associates LLC increased its holdings in shares of MongoDB by 23.6% during the third 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of MongoDB by 11,057.0% during the fourth 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 in the last quarter. Avala Global LP bought a new stake in shares of MongoDB during the third quarter valued at approximately $47,960,000. Eagle Asset Management Inc. bought a new stake in shares of MongoDB during the third quarter valued at approximately $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of MongoDB during the third quarter valued at approximately $25,636,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Cedric Pech sold 287 shares of the business’s stock in a transaction that occurred on 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 directly owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the transaction, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $58,121,799.12. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,314 shares of company stock valued at $13,494,863 over the last ninety days. 3.60% of the stock is owned by insiders.

MongoDB Stock Performance

Shares of MDB stock opened at $267.43 on Friday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $449.12. The company has a market capitalization of $19.92 billion, a PE ratio of -97.60 and a beta of 1.28. The business’s fifty day moving average is $262.73 and its 200 day moving average is $274.82.

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 analysts’ consensus estimates 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 business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Scotiabank decreased their price target on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Oppenheimer increased their price target 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. Citigroup increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. DA Davidson raised their price objective on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $361.00.

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.