Nomura Asset Management Co. Ltd. Has $10.14 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Nomura Asset Management Co. Ltd. raised its position in MongoDB, Inc. (NASDAQ:MDB) by 66.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,574 shares of the company’s stock after buying an additional 17,345 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of MongoDB worth $10,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of MongoDB by 0.3% during 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 last quarter. Geode Capital Management LLC lifted its position in MongoDB by 2.9% during 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 in the last quarter. Norges Bank bought a new stake in MongoDB during the 4th quarter worth about $189,584,000. Amundi increased its position in MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after acquiring an additional 321,186 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of MongoDB in the fourth quarter worth about $90,478,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly 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 have sold a total of 43,139 shares of company stock valued at $11,328,869 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MDB shares. Citigroup reissued a “buy” rating on shares of MongoDB in a research note on Thursday, March 6th. Oppenheimer decreased their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. DA Davidson boosted their target price on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler decreased their price target on MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Finally, KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $320.70.

MongoDB Trading Down 5.6 %

MDB stock opened at $178.03 on Monday. The stock has a 50-day moving average price of $245.56 and a two-hundred day moving average price of $265.95. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The stock has a market cap of $14.45 billion, a PE ratio of -64.97 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.