International Assets Investment Management LLC Grows Holdings in MongoDB, Inc. (NASDAQ:MDB)

International Assets Investment Management LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 31,796.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,947 shares of the company’s stock after acquiring an additional 89,665 shares during the quarter. International Assets Investment Management LLC owned 0.12% of MongoDB worth $36,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC boosted its position in MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. Northern Trust Corp lifted its position in shares of MongoDB by 5.5% during the 3rd quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock valued at $154,957,000 after buying an additional 23,270 shares in the last quarter. Polar Capital Holdings Plc grew its stake in MongoDB by 18.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 248,259 shares of the company’s stock valued at $85,863,000 after acquiring an additional 38,747 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in MongoDB by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 237,683 shares of the company’s stock worth $82,205,000 after acquiring an additional 2,277 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in MongoDB by 2.3% in the 3rd quarter. Fiera Capital Corp now owns 222,598 shares of the company’s stock worth $76,988,000 after acquiring an additional 4,936 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MDB shares. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and lifted their target price for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Citigroup boosted their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Truist Financial raised their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research note on Friday. Finally, Tigress Financial raised their price objective on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB 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 in the company, valued at $394,602,158.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the sale, the chief financial officer now owns 70,985 shares in the company, valued at approximately $33,351,592.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 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 approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders sold 64,802 shares of company stock worth $24,771,151 in the last three months. 4.80% of the stock is owned by company insiders.

MongoDB Price Performance

MongoDB stock opened at $362.85 on Friday. The company’s 50 day simple moving average is $371.56 and its 200-day simple moving average is $390.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a 1 year low of $226.10 and a 1 year high of $509.62. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of -146.31 and a beta of 1.19.

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

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.