Schroder Investment Management Group Raises Holdings in MongoDB, Inc. (NASDAQ:MDB)

Schroder Investment Management Group raised its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,905 shares of the company’s stock after acquiring an additional 849 shares during the period. Schroder Investment Management Group’s holdings in MongoDB were worth $1,375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in MongoDB during the 4th quarter worth approximately $13,832,000. Allstate Corp purchased a new stake in MongoDB during the fourth quarter worth approximately $510,000. DnB Asset Management AS increased its position in shares of MongoDB by 2.4% in the fourth quarter. DnB Asset Management AS now owns 12,604 shares of the company’s stock worth $2,934,000 after acquiring an additional 292 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of MongoDB by 19.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,076 shares of the company’s stock valued at $1,414,000 after acquiring an additional 974 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of MongoDB by 69.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 356,964 shares of the company’s stock valued at $83,105,000 after acquiring an additional 145,854 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on MDB. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Tigress Financial raised their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Morgan Stanley reduced their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Macquarie lowered their price objective on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Scotiabank reissued a “sector perform” rating and set a $240.00 target price (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,060 shares of company stock worth $13,461,875. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

NASDAQ:MDB opened at $154.39 on Monday. The firm has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. The business has a 50 day simple moving average of $236.68 and a 200 day simple moving average of $261.78. MongoDB, Inc. has a 12-month low of $151.52 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period last year, the firm posted $0.86 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

About MongoDB

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.