MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 191,115 shares of the company’s stock after buying an additional 15,825 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MongoDB were worth $46,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDB. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new position in MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC boosted its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB in the 3rd quarter valued at about $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MDB shares. The Goldman Sachs Group boosted their price target on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reissued a “buy” rating and issued a $400.00 price target (up from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Mizuho boosted their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler reissued an “overweight” rating and issued a $425.00 price target on shares of MongoDB in a research note on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Stock Up 0.2 %

NASDAQ MDB opened at $292.97 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $488.00. The stock has a market capitalization of $21.82 billion, a PE ratio of -106.92 and a beta of 1.28. The firm has a 50 day moving average of $264.56 and a two-hundred day moving average of $271.42.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the prior year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction 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 owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 2,581 shares of the company’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 $604,186.29. Following the completion of the transaction, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $50,866,352.46. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,094 shares of company stock worth $11,705,293. Corporate insiders own 3.60% of the company’s stock.

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.