Rakuten Securities Inc. Purchases 161 Shares of MongoDB, Inc. (NASDAQ:MDB)

Rakuten Securities Inc. boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 48.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 493 shares of the company’s stock after acquiring an additional 161 shares during the period. Rakuten Securities Inc.’s holdings in MongoDB were worth $115,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Avestar Capital LLC raised its stake in MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP lifted its position in MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after purchasing an additional 55 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of MongoDB by 5.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after buying an additional 59 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $196.12 on Thursday. The firm has a 50-day simple moving average of $259.13 and a 200-day simple moving average of $273.09. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The firm has a market cap of $14.61 billion, a P/E ratio of -71.58 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the firm earned $0.86 EPS. On average, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Tigress Financial increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group set a $350.00 price objective on MongoDB in a research report on Tuesday, March 4th. The Goldman Sachs Group dropped their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, DA Davidson lifted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three 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 $319.87.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the transaction, the chief executive officer now owns 217,294 shares of the company’s stock, valued at $55,379,548.84. The trade was a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,314 shares of company stock worth $12,981,833 in the last three months. 3.60% of the stock is 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.