Victory Capital Management Inc. Purchases 17,042 Shares of MongoDB, Inc. (NASDAQ:MDB)

Victory Capital Management Inc. boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 43.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,818 shares of the company’s stock after purchasing an additional 17,042 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of MongoDB worth $22,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of MongoDB in the 3rd quarter worth $35,000. AM Squared Ltd purchased a new stake in shares of MongoDB during the 3rd quarter valued at $35,000. Huntington National Bank lifted its holdings in shares of MongoDB by 279.3% during the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after acquiring an additional 81 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in MongoDB by 38.3% in the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after acquiring an additional 36 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Price Performance

Shares of MDB stock opened at $353.20 on Thursday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market cap of $25.72 billion, a price-to-earnings ratio of -142.42 and a beta of 1.19. The business’s fifty day moving average is $366.16 and its 200 day moving average is $391.13. MongoDB, Inc. has a twelve month low of $244.85 and a twelve month high of $509.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Redburn Atlantic restated a “sell” rating and set a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. Needham & Company LLC reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a research report on Friday, May 3rd. KeyCorp lowered their price objective on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the transaction, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,802 shares of company stock valued at $16,514,071. Insiders own 4.80% of the company’s stock.

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.