OVERSEA CHINESE BANKING Corp Ltd Takes $310,000 Position in MongoDB, Inc. (NASDAQ:MDB)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 759 shares of the company’s stock, valued at approximately $310,000.

Several other institutional investors have also made changes to their positions in the stock. Insigneo Advisory Services LLC increased its position in MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after purchasing an additional 30 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after buying an additional 33 shares in the last quarter. Yousif Capital Management LLC increased its holdings in MongoDB by 4.8% in the third quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock worth $264,000 after buying an additional 35 shares during the last quarter. Choreo LLC raised its position in MongoDB by 3.5% during the third quarter. Choreo LLC now owns 1,076 shares of the company’s stock valued at $372,000 after acquiring an additional 36 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in MongoDB by 38.3% in the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after acquiring an additional 36 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ MDB opened at $327.47 on Monday. The stock has a market cap of $23.85 billion, a P/E ratio of -132.04 and a beta of 1.20. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The company’s 50-day simple moving average is $390.81 and its 200 day simple moving average is $390.70.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the sale, the director now owns 1,154,784 shares in the company, valued at $421,496,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp dropped their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday. Tigress Financial raised 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. Redburn Atlantic reiterated a “sell” rating and set a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. JMP Securities restated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $444.93.

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.