Canada Pension Plan Investment Board Buys 21,200 Shares of MongoDB, Inc. (NASDAQ:MDB)

Canada Pension Plan Investment Board grew its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 57.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,900 shares of the company’s stock after purchasing an additional 21,200 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of MongoDB worth $20,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDB. Vanguard Group Inc. increased its holdings in shares of MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares during the last quarter. State Street Corp increased its holdings in shares of MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after purchasing an additional 24,595 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of MongoDB by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,000,665 shares of the company’s stock valued at $410,567,000 after purchasing an additional 33,376 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $500.90 on Monday. MongoDB, Inc. has a one year low of $189.59 and a one year high of $507.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The firm has a fifty day moving average price of $408.06 and a two-hundred day moving average price of $382.88.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. During the same quarter in the previous year, the company earned ($1.23) earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.63 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MDB shares. Truist Financial reiterated a “buy” rating and issued a $430.00 price target on shares of MongoDB in a research note on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating and set a $450.00 price target on shares of MongoDB in a report on Monday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $495.00 price target on shares of MongoDB in a report on Wednesday, January 17th. Royal Bank of Canada upped their price target on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Finally, Mizuho upped their price target on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $429.50.

Get Our Latest Analysis on MongoDB

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 359 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. Insiders sold 81,777 shares of company stock valued at $33,554,031 over the last three months. Insiders own 4.80% of the company’s stock.

MongoDB Company Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

See Also

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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