Parametrica Management Ltd Purchases New Shares in MongoDB, Inc. (NASDAQ:MDB)

Parametrica Management Ltd bought a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,568 shares of the company’s stock, valued at approximately $365,000. MongoDB accounts for approximately 0.5% of Parametrica Management Ltd’s investment portfolio, making the stock its 27th largest holding.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in MongoDB by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the period. Geode Capital Management LLC grew its position 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 buying an additional 34,814 shares during the period. Amundi increased its stake in shares of MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after acquiring an additional 321,186 shares in the last quarter. Raymond James Financial Inc. purchased a new position in MongoDB during the 4th quarter valued at about $90,478,000. Finally, Holocene Advisors LP boosted its stake in MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after acquiring an additional 66,730 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDB. DA Davidson lifted their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays dropped their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Canaccord Genuity Group reduced their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Stifel Nicolaus reduced their price objective on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Piper Sandler dropped their target price on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $320.70.

MongoDB Stock Up 0.6 %

NASDAQ MDB opened at $198.66 on Wednesday. The stock’s 50-day moving average price is $249.24 and its 200-day moving average price is $268.17. The company has a market capitalization of $14.79 billion, a P/E ratio of -72.50 and a beta of 1.30. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This represents a 0.27 % 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, CAO Thomas Bull sold 169 shares of the 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 $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock valued at $11,328,869 in the last three months. 3.60% of the stock is currently owned by corporate insiders.

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.