NEOS Investment Management LLC Grows Stake in MongoDB, Inc. (NASDAQ:MDB)

NEOS Investment Management LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,526 shares of the company’s stock after purchasing an additional 222 shares during the period. NEOS Investment Management LLC’s holdings in MongoDB were worth $821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of MongoDB during the fourth quarter valued at about $90,478,000. Amundi grew its holdings in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Avala Global LP bought a new stake in MongoDB in the 3rd quarter worth approximately $47,960,000. Finally, LBP AM SA raised its holdings in shares of MongoDB by 81.9% during the 4th quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after acquiring an additional 110,768 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 169 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 $39,561.21. Following the completion of the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Bank of America reduced their target price on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group lowered their price target on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Truist Financial reduced their price objective on MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, China Renaissance began coverage on MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective for the company. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.70.

MongoDB Stock Down 5.6 %

Shares of NASDAQ MDB opened at $178.03 on Monday. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The firm has a market cap of $14.45 billion, a PE ratio of -64.97 and a beta of 1.30. The business has a fifty day simple moving average of $245.56 and a two-hundred day simple moving average of $265.95.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results 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 firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the business posted $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.