MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,879 shares of the company’s stock after purchasing an additional 1,724 shares during the period. Truist Financial Corp’s holdings in MongoDB were worth $5,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MDB. Robeco Institutional Asset Management B.V. lifted its stake in shares of MongoDB by 2,134.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 33,332 shares of the company’s stock valued at $11,528,000 after purchasing an additional 31,840 shares during the last quarter. Raymond James & Associates lifted its stake in shares of MongoDB by 34.8% in the 3rd quarter. Raymond James & Associates now owns 53,047 shares of the company’s stock valued at $18,347,000 after purchasing an additional 13,686 shares during the last quarter. Shariaportfolio Inc. purchased a new stake in shares of MongoDB in the 3rd quarter valued at $665,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MongoDB by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,014 shares of the company’s stock valued at $10,381,000 after buying an additional 1,087 shares during the period. Finally, BluePath Capital Management LLC purchased a new stake in shares of MongoDB in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MDB shares. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Guggenheim boosted their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Citigroup boosted their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Loop Capital assumed coverage on MongoDB in a report on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $465.00 price target on shares of MongoDB in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $465.37, for a total transaction of $930,740.00. Following the completion of the transaction, the director now directly owns 1,166,784 shares of the company’s stock, valued at approximately $542,986,270.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $5,973,567.60. Following the transaction, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at $78,698,272.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,802 shares of company stock valued at $24,771,151. 4.80% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $362.85 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a 52-week low of $226.10 and a 52-week high of $509.62. The business has a 50-day moving average price of $371.56 and a 200 day moving average price of $391.06.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (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 during the quarter, compared to analyst estimates of $431.99 million. Equities analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

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.