UniSuper Management Pty Ltd Has $326,000 Stake in MongoDB, Inc. (NASDAQ:MDB)

UniSuper Management Pty Ltd reduced its holdings in MongoDB, Inc. (NASDAQ:MDB) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the company’s stock after selling 300 shares during the quarter. UniSuper Management Pty Ltd’s holdings in MongoDB were worth $326,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Avestar Capital LLC increased its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP lifted its holdings in MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after buying an additional 55 shares in the last quarter. Perigon Wealth Management LLC boosted its position in MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after buying an additional 66 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after buying an additional 72 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDB has been the topic of several research reports. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, January 6th. Wedbush cut their target price on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Citigroup reissued a “buy” rating on shares of MongoDB in a research note on Thursday, March 6th. Rosenblatt Securities reissued a “buy” rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Finally, DA Davidson lifted their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

MongoDB Trading Down 1.5 %

Shares of MDB opened at $175.40 on Tuesday. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of -64.01 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $170.85 and a 12 month high of $387.19. The firm has a fifty day simple moving average of $244.01 and a 200 day simple moving average of $265.11.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock valued at $11,328,869 in the last 90 days. 3.60% of the stock is currently owned by insiders.

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.