Nissay Asset Management Corp Japan ADV Buys 558 Shares of MongoDB, Inc. (NASDAQ:MDB)

Nissay Asset Management Corp Japan ADV lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,543 shares of the company’s stock after purchasing an additional 558 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in MongoDB were worth $3,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB during the 4th quarter worth approximately $29,000. NCP Inc. bought a new stake in MongoDB during the 4th quarter worth approximately $35,000. Coppell Advisory Solutions LLC grew its holdings in MongoDB by 364.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after acquiring an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in MongoDB by 57.4% during the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after acquiring an additional 140 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. Wedbush dropped their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group dropped their price target on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Mizuho dropped their price target on shares of MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $293.91.

MongoDB Trading Up 0.4%

MDB opened at $191.29 on Friday. The company’s fifty day moving average price is $175.00 and its two-hundred day moving average price is $239.84. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06. The company has a market cap of $15.53 billion, a price-to-earnings ratio of -69.81 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the company earned $0.86 EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,423 shares of company stock worth $7,148,369 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

About MongoDB

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.