MongoDB, Inc. (NASDAQ:MDB) Holdings Increased by Sentry Investment Management LLC

Sentry Investment Management LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,318 shares of the company’s stock after acquiring an additional 284 shares during the period. Sentry Investment Management LLC’s holdings in MongoDB were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jennison Associates LLC lifted its position in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares during the period. Geode Capital Management LLC raised its stake in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of MongoDB by 1.5% in the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after buying an additional 7,526 shares during the period. Holocene Advisors LP boosted its stake in MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after buying an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MDB. Royal Bank of Canada upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Scotiabank cut their target price on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Oppenheimer lifted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price target on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Needham & Company LLC raised their price objective on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Performance

NASDAQ:MDB opened at $259.71 on Wednesday. The company has a market capitalization of $19.34 billion, a P/E ratio of -94.78 and a beta of 1.28. The stock’s 50 day moving average price is $261.74 and its 200 day moving average price is $274.54. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $459.27.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,979 shares of company stock valued at $11,265,417 over the last three months. 3.60% of the stock is currently owned by insiders.

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.