Prudential PLC Purchases 5,512 Shares of MongoDB, Inc. (NASDAQ:MDB)

Prudential PLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) by 241.9% in the fourth quarter, Holdings Channel reports. The fund owned 7,791 shares of the company’s stock after buying an additional 5,512 shares during the quarter. Prudential PLC’s holdings in MongoDB were worth $4,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Allspring Global Investments Holdings LLC purchased a new stake in MongoDB during the 4th quarter valued at $674,390,000. TD Asset Management Inc. raised its holdings in MongoDB by 153.9% during the 4th quarter. TD Asset Management Inc. now owns 525,000 shares of the company’s stock valued at $277,909,000 after buying an additional 318,259 shares during the period. Ardevora Asset Management LLP purchased a new stake in MongoDB during the 4th quarter valued at $74,638,000. Arrowstreet Capital Limited Partnership increased its stake in MongoDB by 42.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 460,805 shares of the company’s stock worth $217,274,000 after purchasing an additional 136,247 shares during the period. Finally, Geode Capital Management LLC increased its stake in MongoDB by 17.2% in the third quarter. Geode Capital Management LLC now owns 807,310 shares of the company’s stock worth $380,160,000 after purchasing an additional 118,561 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

MDB stock traded down $18.19 during trading on Wednesday, reaching $229.09. 50,546 shares of the company traded hands, compared to its average volume of 1,469,238. MongoDB, Inc. has a 12 month low of $227.60 and a 12 month high of $590.00. The business has a 50 day simple moving average of $369.56 and a 200 day simple moving average of $426.46. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of -50.70 and a beta of 0.98. The company has a debt-to-equity ratio of 1.70, a quick ratio of 4.02 and a current ratio of 4.02.

MongoDB (NASDAQ:MDBGet Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported ($1.20) earnings per share for the quarter, topping the consensus estimate of ($1.25) by $0.05. The business had revenue of $266.50 million during the quarter, compared to the consensus estimate of $243.42 million. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The company’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter last year, the company earned ($1.01) earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -5.48 EPS for the current year.

MDB has been the topic of a number of recent analyst reports. Royal Bank of Canada initiated coverage on MongoDB in a research note on Tuesday, March 1st. They issued an “outperform” rating and a $505.00 target price on the stock. Oppenheimer reduced their target price on MongoDB from $510.00 to $410.00 in a research note on Wednesday, March 9th. UBS Group upgraded MongoDB from a “neutral” rating to a “buy” rating and increased their target price for the stock from $345.00 to $450.00 in a research note on Friday, March 18th. Zacks Investment Research lowered MongoDB from a “hold” rating to a “sell” rating in a research note on Thursday, February 3rd. Finally, Mizuho cut their price target on MongoDB from $325.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, MongoDB currently has an average rating of “Buy” and an average price target of $493.67.

In other news, CEO Dev Ittycheria sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $309.78, for a total value of $10,842,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Cedric Pech sold 309 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $443.77, for a total value of $137,124.93. Following the completion of the transaction, the executive now owns 46,135 shares of the company’s stock, valued at $20,473,328.95. The disclosure for this sale can be found here. In the last three months, insiders sold 124,475 shares of company stock valued at $43,717,816. Corporate insiders own 7.40% of the company’s stock.

MongoDB Profile (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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