Mirae Asset Global Investments Co. Ltd. purchased a new position in Mongodb Inc (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,911 shares of the company’s stock, valued at approximately $579,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Mongodb by 2.5% in the 4th quarter. BlackRock Inc. now owns 631,347 shares of the company’s stock worth $52,869,000 after acquiring an additional 15,406 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Mongodb in the 4th quarter worth $209,000. Lisanti Capital Growth LLC acquired a new position in shares of Mongodb in the 4th quarter worth $3,953,000. National Asset Management Inc. acquired a new position in shares of Mongodb in the 4th quarter worth $715,000. Finally, Pearl River Capital LLC acquired a new position in shares of Mongodb in the 4th quarter worth $25,000. 64.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of MDB stock opened at $130.94 on Friday. Mongodb Inc has a 1-year low of $32.35 and a 1-year high of $134.40. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.08. The firm has a market cap of $5.62 billion, a PE ratio of -75.25 and a beta of 0.01.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.20. Mongodb had a negative return on equity of 54.80% and a negative net margin of 54.74%. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $74.02 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share. Mongodb’s revenue for the quarter was up 84.7% compared to the same quarter last year. On average, equities research analysts anticipate that Mongodb Inc will post -2.23 EPS for the current year.

In other Mongodb news, Director Kevin P. Ryan sold 24,000 shares of the business’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $75.00, for a total value of $1,800,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Meagen Eisenberg sold 50,625 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $88.06, for a total value of $4,458,037.50. The disclosure for this sale can be found here. Insiders have sold 224,607 shares of company stock worth $20,225,910 in the last quarter. 40.04% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on the company. Citigroup lifted their target price on Mongodb from $94.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Investment Research upgraded Mongodb from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Friday. Monness Crespi & Hardt lifted their target price on Mongodb from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus lifted their target price on Mongodb from $95.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JMP Securities restated a “hold” rating on shares of Mongodb in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Mongodb presently has an average rating of “Buy” and a consensus price target of $107.08.

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About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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