MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,932 shares of the company’s stock after purchasing an additional 161 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in MongoDB were worth $24,167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in MongoDB during the 4th quarter worth $189,584,000. Marshall Wace LLP acquired a new stake in shares of MongoDB during the fourth quarter worth about $110,356,000. Raymond James Financial Inc. purchased a new position in shares of MongoDB during the fourth quarter worth about $90,478,000. Amundi increased its position in MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after acquiring an additional 321,186 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $159.26 on Friday. The stock has a market capitalization of $12.93 billion, a P/E ratio of -58.12 and a beta of 1.49. The firm’s 50-day moving average is $208.15 and its two-hundred day moving average is $252.42. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB) last released 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 company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business posted $0.86 earnings per share. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares of the company’s stock, valued at $1,109,903.56. This trade represents a 7.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,680 shares of company stock worth $11,084,027. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Scotiabank restated a “sector perform” rating and set a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Bank of America lowered their price objective on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.78.

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.