Norges Bank purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 543,500 shares of the company’s stock, valued at approximately $195,138,000.
Several other institutional investors have also bought and sold shares of MDB. Aequim Alternative Investments LP boosted its stake in shares of MongoDB by 13,944.9% in the fourth quarter. Aequim Alternative Investments LP now owns 10,000,000 shares of the company’s stock valued at $2,986,000 after buying an additional 9,928,800 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $315,895,000. Tybourne Capital Management HK Ltd. purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $289,179,000. Price T Rowe Associates Inc. MD boosted its stake in shares of MongoDB by 35.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,105,487 shares of the company’s stock valued at $755,954,000 after buying an additional 554,855 shares in the last quarter. Finally, SRS Investment Management LLC acquired a new position in MongoDB during the fourth quarter worth $178,536,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.
In related news, CRO Cedric Pech sold 203 shares of the stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $283.29, for a total value of $57,507.87. Following the completion of the transaction, the executive now owns 55,294 shares of the company’s stock, valued at $15,664,237.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 35,000 shares of the stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $399.36, for a total value of $13,977,600.00. Following the completion of the transaction, the chief executive officer now directly owns 249,250 shares of the company’s stock, valued at approximately $99,540,480. The disclosure for this sale can be found here. Insiders sold 110,720 shares of company stock valued at $37,796,038 in the last ninety days. Company insiders own 16.28% of the company’s stock.
MDB has been the subject of several research reports. Smith Barney Citigroup lifted their price objective on MongoDB from $354.00 to $465.00 in a report on Wednesday, January 13th. Citigroup lifted their price objective on MongoDB from $465.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, March 1st. DA Davidson boosted their price target on MongoDB from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, March 16th. Oppenheimer boosted their price target on MongoDB from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, January 5th. Finally, Needham & Company LLC boosted their price target on MongoDB from $394.00 to $409.00 and gave the stock a “buy” rating in a report on Tuesday, March 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $383.00.
MDB stock opened at $284.79 on Thursday. The stock has a 50-day moving average price of $328.30 and a two-hundred day moving average price of $312.50. MongoDB, Inc. has a 12-month low of $131.83 and a 12-month high of $428.96. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 43.46. The company has a market cap of $17.43 billion, a PE ratio of -65.32 and a beta of 0.84.
MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, March 8th. The company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.06. MongoDB had a negative return on equity of 343.82% and a negative net margin of 46.73%. The company had revenue of $171.00 million during the quarter, compared to the consensus estimate of $157.05 million. During the same quarter in the prior year, the business earned ($0.25) earnings per share. The company’s revenue was up 38.4% compared to the same quarter last year. Equities analysts forecast that MongoDB, Inc. will post -3.57 EPS for the current fiscal year.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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