E Fund Management Co. Ltd. Acquires 726 Shares of MongoDB, Inc. (NASDAQ:MDB)

E Fund Management Co. Ltd. increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,730 shares of the company’s stock after purchasing an additional 726 shares during the period. E Fund Management Co. Ltd.’s holdings in MongoDB were worth $1,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC lifted its holdings in MongoDB by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after purchasing an additional 30 shares during the last quarter. Yousif Capital Management LLC grew its position in MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after acquiring an additional 30 shares during the last quarter. Valley National Advisers Inc. increased its holdings in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after purchasing an additional 33 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in MongoDB by 2.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company’s stock valued at $638,000 after purchasing an additional 33 shares during the last quarter. Finally, Choreo LLC grew its holdings in shares of MongoDB by 3.5% during the third quarter. Choreo LLC now owns 1,076 shares of the company’s stock worth $372,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the sale, the director now owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total value of $363,010.00. Following the transaction, the director now directly owns 523,896 shares of the company’s stock, valued at $190,179,486.96. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 over the last three months. Company insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several research reports. Guggenheim upped their price target on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Truist Financial boosted their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research report on Friday, May 3rd. JMP Securities restated a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Finally, Loop Capital started coverage on MongoDB in a report on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Stock Up 0.4 %

NASDAQ MDB traded up $1.49 during trading hours on Thursday, reaching $354.69. 564,243 shares of the company’s stock were exchanged, compared to its average volume of 1,347,594. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a one year low of $255.06 and a one year high of $509.62. The company’s 50-day moving average is $366.16 and its two-hundred day moving average is $391.13. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of -143.08 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

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.