Mirae Asset Global Investments Co. Ltd. Grows Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 277.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,386 shares of the company’s stock after acquiring an additional 59,103 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.11% of MongoDB worth $32,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MDB. KB Financial Partners LLC purchased a new stake in shares of MongoDB during the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in MongoDB during the 3rd quarter valued at $30,000. Parkside Financial Bank & Trust grew its holdings in MongoDB by 176.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. Finally, AM Squared Ltd purchased a new position in shares of MongoDB in the third quarter valued at about $35,000. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 33,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the sale, the chief executive officer now directly owns 198,166 shares in the company, valued at approximately $80,409,817.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Cedric Pech sold 1,248 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the transaction, the executive now directly owns 25,425 shares in the company, valued at $10,170,000. The disclosure for this sale can be found here. Insiders have sold 87,324 shares of company stock valued at $34,472,011 over the last ninety days. Insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of analyst reports. Citigroup increased their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Stifel Nicolaus reissued a “buy” rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Tigress Financial upped their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $449.85.

MongoDB Stock Up 5.6 %

NASDAQ:MDB opened at $362.82 on Monday. 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 fifty-two week low of $198.72 and a fifty-two week high of $509.62. The firm has a 50-day simple moving average of $408.98 and a two-hundred day simple moving average of $389.83.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) 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 for the quarter, compared to analysts’ expectations of $431.99 million. On average, analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

MongoDB Company 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.