KBC Group NV Acquires 890 Shares of MongoDB, Inc. (NASDAQ:MDB)

KBC Group NV boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,079 shares of the company’s stock after buying an additional 890 shares during the quarter. KBC Group NV’s holdings in MongoDB were worth $4,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Quarry LP boosted its position in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Brooklyn Investment Group bought a new position in MongoDB during the third quarter worth $36,000. Continuum Advisory LLC increased its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Robert W. Baird lifted their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Rosenblatt Securities began coverage on MongoDB in a report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price objective on the stock. Finally, Truist Financial reiterated a “buy” rating and set a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,491 shares of company stock worth $11,554,190 in the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $271.07 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The stock has a market cap of $20.19 billion, a PE ratio of -98.93 and a beta of 1.25. The firm’s fifty day moving average price is $274.45 and its two-hundred day moving average price is $269.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

MongoDB Company 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.