Alberta Investment Management Corp Acquires New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Alberta Investment Management Corp acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,320 shares of the company’s stock, valued at approximately $5,895,000.

Other large investors have also added to or reduced their stakes in the company. Hilltop National Bank raised 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 buying an additional 42 shares during the last quarter. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter worth approximately $36,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc raised its holdings in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB during the 3rd quarter worth approximately $44,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,094 shares of company stock valued at $11,705,293 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Stock Performance

Shares of MongoDB stock opened at $295.00 on Thursday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.78. The stock’s 50-day simple moving average is $261.56 and its 200 day simple moving average is $273.13. The stock has a market capitalization of $21.97 billion, a P/E ratio of -107.66 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) 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 analysts’ expectations of $497.39 million. During the same period in the previous year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on MDB. Mizuho raised their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. KeyCorp raised their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Tigress Financial raised their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $361.00.

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.