MongoDB, Inc. $MDB Shares Acquired by Ossiam

Ossiam increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 92.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 150,712 shares of the company’s stock after acquiring an additional 72,374 shares during the period. MongoDB comprises 0.6% of Ossiam’s holdings, making the stock its 24th largest position. Ossiam’s holdings in MongoDB were worth $46,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDB. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of MongoDB by 3.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after acquiring an additional 40 shares during the period. Huntington National Bank increased its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC raised its stake in shares of MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Finally, WPG Advisers LLC lifted its position in MongoDB by 53.7% in the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock worth $52,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler decreased their price target on shares of MongoDB from $490.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Needham & Company LLC dropped their price objective on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Sanford C. Bernstein downgraded shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Monness Crespi & Hardt decreased their target price on shares of MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Zacks Research cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $354.18.

MongoDB Price Performance

MongoDB stock opened at $260.50 on Friday. The stock has a fifty day moving average price of $354.08 and a two-hundred day moving average price of $352.74. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72. The firm has a market capitalization of $21.20 billion, a P/E ratio of -296.02 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. During the same quarter in the previous year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total value of $4,077,000.00. Following the completion of the transaction, the director directly owned 1,031,316 shares in the company, valued at approximately $420,467,533.20. This represents a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,949 shares of company stock valued at $8,981,630 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.