AIA Group Ltd Acquires 178 Shares of MongoDB, Inc. (NASDAQ:MDB)

AIA Group Ltd boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) by 48.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 542 shares of the company’s stock after acquiring an additional 178 shares during the quarter. AIA Group Ltd’s holdings in MongoDB were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Independent Advisor Alliance raised its position in MongoDB by 21.2% during the first quarter. Independent Advisor Alliance now owns 531 shares of the company’s stock valued at $236,000 after acquiring an additional 93 shares in the last quarter. KBC Group NV grew its holdings in MongoDB by 8.0% during the first quarter. KBC Group NV now owns 24,591 shares of the company’s stock valued at $10,908,000 after purchasing an additional 1,823 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in MongoDB by 41.3% during the first quarter. IFM Investors Pty Ltd now owns 9,937 shares of the company’s stock valued at $4,408,000 after purchasing an additional 2,905 shares during the last quarter. Affinity Investment Advisors LLC acquired a new position in MongoDB during the first quarter valued at approximately $1,009,000. Finally, Aigen Investment Management LP grew its holdings in MongoDB by 91.0% during the first quarter. Aigen Investment Management LP now owns 3,319 shares of the company’s stock valued at $1,472,000 after purchasing an additional 1,581 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer lowered their price target on MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Barclays increased their price target on MongoDB from $330.00 to $338.00 and gave the company an “overweight” rating in a report on Thursday, June 2nd. UBS Group increased their price target on MongoDB from $315.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Needham & Company LLC increased their price target on MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a report on Friday, June 10th. Finally, Stifel Nicolaus lowered their price objective on shares of MongoDB from $425.00 to $340.00 in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $401.17.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the completion of the sale, the executive now directly owns 45,785 shares in the company, valued at $12,108,301.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CTO Mark Porter sold 1,520 shares of MongoDB stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $325.00, for a total value of $494,000.00. Following the completion of the sale, the chief technology officer now directly owns 29,121 shares in the company, valued at $9,464,325. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Cedric Pech sold 350 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the transaction, the executive now owns 45,785 shares of the company’s stock, valued at $12,108,301.10. The disclosure for this sale can be found here. Insiders sold a total of 43,795 shares of company stock worth $12,357,981 over the last three months. 5.70% of the stock is currently owned by company insiders.

MongoDB Stock Up 4.7 %

MDB opened at $356.84 on Friday. The company has a market capitalization of $24.31 billion, a P/E ratio of -73.73 and a beta of 0.96. The firm’s fifty day moving average price is $285.74 and its two-hundred day moving average price is $336.52. MongoDB, Inc. has a fifty-two week low of $213.39 and a fifty-two week high of $590.00. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16.

MongoDB (NASDAQ:MDBGet Rating) last released its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The business had revenue of $285.45 million during the quarter, compared to analysts’ expectations of $267.10 million. During the same period in the previous year, the business posted ($0.98) earnings per share. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year. On average, analysts anticipate that MongoDB, Inc. will post -5.08 EPS for the current year.

MongoDB Company Profile

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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.

See Also

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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