AIA Group Ltd Boosts Stake in MongoDB, Inc. (NASDAQ:MDB)

AIA Group Ltd boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,400 shares of the company’s stock after buying an additional 100 shares during the quarter. AIA Group Ltd’s holdings in MongoDB were worth $1,390,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in MongoDB during the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its holdings in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in MongoDB during the 3rd quarter worth approximately $30,000. Parkside Financial Bank & Trust lifted its holdings in MongoDB by 176.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in MongoDB during the 3rd quarter worth approximately $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

MDB stock opened at $333.46 on Friday. MongoDB, Inc. has a 52 week low of $212.52 and a 52 week high of $509.62. The company’s 50-day moving average price is $394.28 and its 200 day moving average price is $390.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, equities analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MDB shares. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and raised their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Tigress Financial raised their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a report on Tuesday, April 9th. Truist Financial raised their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $444.93.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the transaction, the director now owns 1,156,784 shares in the company, valued at $394,602,158.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the transaction, the director now owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,802 shares of company stock worth $36,356,911. Insiders own 4.80% of the company’s stock.

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.